Business
THE GOOD SHROOM CO DISCLOSES Q1 FINANCIAL RESULTS, RECORDS OVER 16X REVENUE GROWTH QUARTER OVER QUARTER.
THE GOOD SHROOM CO DISCLOSES Q1 FINANCIAL RESULTS, RECORDS OVER 16X REVENUE GROWTH QUARTER OVER Q...
About this update from Mercanto Holdings Inc
[{"type":"text","content":"\n \n \n \n THE GOOD SHROOM CO DISCLOSES Q1 FINANCIAL RESULTS, RECORDS OVER 16X REVENUE GROWTH QUARTER OVER QUARTER.\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n Dec. 28, 2022\n \n \n /CNW/ - The Good Shroom Co Inc. (the \"\n \n Company\n \n \") (TSXV: MUSH), discloses financial results for the first quarter ended\n \n October 31, 2022\n \n .\n \n \n \n \n \n \n \n \n \n \n The Company recorded\n \n $822,569\n \n in sales revenue. Over 16X growth quarter over quarter.\n \n \n Gross profit margins were of\n \n $181,942\n \n .\n \n \n No debt obligations other than\n \n $40,000\n \n due\n \n December 2023\n \n to the government of\n \n Canada\n \n .\n \n \n \n At present the Company's cannabis sales are primarily in\n \n Quebec\n \n however it is expected to gain more Canadian market share. Product submissions have been made to the governments of\n \n Alberta\n \n ,\n \n Nova Scotia\n \n and\n \n Newfoundland\n \n . It's mushroom beverage brand, Teonan, continues growing and is now sold in over 250 grocery stores in the US and\n \n Canada\n \n plus its online store.\n \n \n The Company's CEO Mr.\n \n \n Eric Ronsse\n \n \n stated \"I recommend investors keep an eye on the upcoming quarterly results as I expect to continue growing revenues and reduce expenses. We continue growing our cannabis division in\n \n Quebec\n \n , but also expect to begin selling in other provinces in the coming months. Our mushroom beverage brand will be available in more US and Canadian grocery stores in the next 2 quarters as well.\"\n \n \n \n About the Company\n \n \n \n MUSH operates a portfolio of brands which include traditional cannabis and beverage products. It exists to promote the use of functional ingredients such as probiotics and functional mushrooms in consumer products. Its line of Teonan beverages are first a quality and tasty beverage but also contain a dose of functional mushrooms and probiotics.\n \n \n We all have a daily routine; be it coffee, tea or another. Why not make that routine functiona...