LOS ANGELES, CA / ACCESSWIRE / January 20, 2022 / Cannabis Global, Inc.
Cannabis Global reported total assets at the end of the November quarter of $11.5 million compared to assets of $3.2 million at the end of the year-ago quarter.
The Company is experiencing continued firm orders from its major customers even as industry-wide cannabis sales growth within the regulated market is constrained.
“We are pleased with the revenue growth we reported during the November quarter and believe the growth trend is continuing into the current quarter,” commented Arman Tabatabaei, CEO of Cannabis Global.
Cannabis Global has taken important steps to increase vertical integration of product inputs via the installation of an on-premises solventless extraction function that allows the Company to produce its own ice water hash, which Company personnel press into high-quality cannabis rosin extracts for use in the Company’s products.
The first of which will be marketed under the Company’s Northern Lights brand name, with the second to be produced for mass distribution throughout California for an established brand.
Mr. Tabatabaei continued, “Over the past two years, we have invested heavily in R&D, which we believe is now paying off in the release of several unique products.
Our subsidiary, Natural Plant Extract , is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace.
Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan,” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Based on the lowest published price target from Wall Street, the following three stocks are expected to plunge between 42% and 92% in 2022.
Nvidia power not only video gaming but also numerous applications driving popular tech sectors such as artificial intelligence and the metaverse.
The market has been indiscriminately punishing tech stocks over the last two months, which has created some attractive entry points for investors.
Whereas 24 of the past 38 double-digit percentage declines in the S&P 500 reached a bottom in 104 or fewer calendar days, bull markets are typically measured in years.
While $401 a share was likely too aggressive a valuation in the near-term, this recent sell-off is the perfect opportunity to buy a game-changing fintech stock with a bright future.
central bank intends to raise interest rates in the near future, and investors are coming to terms with the likelihood that multiple hikes are imminent.
With that in mind, three Fool.com contributors think Micron Technology : DRAM and NAND flash producer Micron had held up better than high-flying growth stocks from November through early January, but even this outperforming value stock cracked amid the big market sell-off over the past two weeks.
Investors might be tempted to buy Pinterest after that massive decline, but they should pay close attention to four red flags which recently appeared.
— Elliott Investment Management, and Vista Equity Partners agreed to acquire software-maker Citrix Systems Inc.