Business
CanadaBis Capital with Sub Stigma Grow Provides Corporate Update, Highlighted by Ongoing Product Expansion, Significant Growth in Net Revenue and Profitability
CanadaBis Capital with Sub Stigma Grow Provides Corporate Update, Highlighted by Ongoing Product ...
About this update from Canadabis Capital, Inc.
[{"type":"text","content":"\n \n \n \n CanadaBis Capital with Sub Stigma Grow Provides Corporate Update, Highlighted by Ongoing Product Expansion, Significant Growth in Net Revenue and Profitability\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Jan. 24, 2023\n \n \n /CNW/ - CanadaBis Capital Inc. (the \"Company\" or \"CanadaBis\") (TSXV: CANB), a premium and vertically-integrated Canadian cannabis company, is pleased to provide an update for shareholders on the considerable progress made in significantly expanding and enhancing our reach, market share and financial position over the past year, as well as provide insights into the pipeline of future opportunities made possible by our  financial performance over the past four quarters.\n \n \n \"I am very proud to confirm that with the last financials, our goal to be a profitable, cash flowing company has been realized as some of our new SKUs have rapidly become top-sellers in their respective categories, and the successful launch of over 274 new products registrations since 2020,\" said\n \n Travis McIntyre\n \n , CEO of CanadaBis. \"We remain committed to developing innovative new products that are in demand by consumers, while seeking to maximize efficiencies and reduce safety hazards with the automation of certain operational processes, underpinned by a focused drive to reduce costs through ongoing negotiations with cultivators. We believe steady growth remains the key to our success, evidenced by significant increases in key profitability measures over the past 12 months.\"\n \n \n \n General Highlights\n \n \n \n \n \n Rapid Expansion of Team Supports Continued Growth\n \n - Expanded employee base and bolstered skill set with a 400% increase in employees over the past nine months, while ensuring our employee to revenue ratio was maintained.\n \n \n \n Developed an Extensive Product Catalog\n \n – Successfully launched over 274 SKUs in seven provinces across\n \n Canada\n \n since 2020. We continue to develop product...