Bespoke Extracts, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
September 28, 2023 at 12:24 pm EDT
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Bespoke Extracts, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.188247 million compared to USD 0.000346 million a year ago. Net loss was USD 0.464915 million compared to USD 1.01 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.13 a year ago.
For the six months, sales was USD 0.277263 million compared to USD 0.003407 million a year ago. Net loss was USD 0.905535 million compared to USD 1.98 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.27 a year ago.
Bespoke Extracts, Inc. operates in the regulated cannabis markets in the United States. The Company owns, manufactures, and distributes a portfolio of cannabis consumer packaged goods brands including Fresh Joints, Box-O-Joints, and Wee Joints, to licensed marijuana dispensaries across Colorado. Through its wholly owned subsidiary, Bespoke Extracts Colorado, LLC, the Company operates Wonderleaf LLC (WonderLeaf), a marijuana-infused products production facility in Aurora, Colorado. The Company manufactures a range of premium pre-rolled joints. The Company has offered cannabis products focusing on two primary categories: Branded Products and Processing Business. It plans to pursue production of brands of pre-rolled joints and other processed marijuana products under newly created brand names. It also plans to explore licensing existing brands from other states and producing them in Colorado.