Better For You Wellness, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2022
March 03, 2023 at 05:06 pm EST
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Better For You Wellness, Inc. reported earnings results for the third quarter and nine months ended November 30, 2022. For the third quarter, the company reported sales was USD 0.006986 million. Net loss was USD 0.659936 million compared to USD 1.07 million a year ago.
For the nine months, sales was USD 0.009008 million. Net loss was USD 2.32 million compared to USD 1.15 million a year ago. Basic loss per share from continuing operations was USD 0.01.
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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