Better For You Wellness, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended August 31, 2022
October 21, 2022 at 06:08 am EDT
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Better For You Wellness, Inc. reported earnings results for the second quarter and six months ended August 31, 2022. For the second quarter, the company reported sales was USD 0.002881 million. Net loss was USD 0.787106 million compared to USD 0.014005 million a year ago.
For the six months, sales was USD 0.015968 million. Net loss was USD 1.58 million compared to USD 0.086057 million a year ago.
Better For You Wellness, Inc. operates a dual buy-and-build model within the wellness industry. The Company, through its wholly owned subsidiary, builds and operates digitally native, mission-driven brands within the clean beauty sector, including Mango Moi. It evaluates the wellness industry in six goals-based categories: better health, better fitness, better nutrition, better appearance, better sleep, and better mindfulness. The Company is engaged in exploring and evaluating various business opportunities in the food, beverage, and consumer packaged goods (CPG) categories. The Company's subsidiaries include Glow Market LLC and Mango Moi, LLC. Glow Market LLC owns and operates Better Suds soap brand. Mango Moi, LLC offers a natural skincare and body care product line with naturally clean ingredients to soothe dry skin, eczema, psoriasis, and cracked skin. Its products are produced using various ingredients, including mango butter, baobab oil, kukui nut oil, and murumuru butter.
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