Business
THE GOOD SHROOM CO RECORDS 8.5X GROWTH OVER PREVIOUS QUARTER
THE GOOD SHROOM CO RECORDS 8.5X GROWTH OVER PREVIOUS QUARTER Canada NewsWire ...
About this update from Mercanto Holdings Inc
[{"type":"text","content":"\n \n \n \n THE GOOD SHROOM CO RECORDS 8.5X GROWTH OVER PREVIOUS 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, QUEBEC\n \n \n ,\n \n \n April 1, 2022\n \n \n /CNW Telbec/ - The Good Shroom Co Inc. (the \"\n \n Company\n \n \" or \"\n \n MUSH\n \n \") (TSXV : MUSH), discusses financial & operational highlights from Q2-2022 and engages Paradox Public Relations Inc.\n \n \n \n \n \n \n \n \n \n \n The Company recorded\n \n $363,229\n \n in sales revenue. 8.5 X growth from Q1.\n \n \n The majority of this revenue was derived from the launch of its hash in\n \n Quebec\n \n and the rest from its functional mushroom beverages.\n \n \n Gross profit margins were of\n \n $129,826\n \n compared to\n \n $2,526\n \n in Q1.\n \n \n Operating loss was of\n \n $241,148\n \n compared to\n \n $371,865\n \n in Q1.\n \n \n \n MUSH, through its licensed subsidiary Teonan Biomedical Inc. (the \"Subsidiary\"), operates 2 cannabis brands; Nordique Royale™ and Velada™.\n \n \n \n Nordique Royale™ launched during Q2 while Velada launched in Q3 in both\n \n Quebec\n \n and\n \n Ontario\n \n .\n \n \n In\n \n Quebec\n \n , according to\n \n https://quebec.weedcrawler.ca/best_sellers\n \n , 5/10 best selling infusions are Velada™ products.\n \n \n \n MUSH also operates Teonan™ functional beverages sold across north America.\n \n \n \n Teonan™ was accepted into the distribution networks of the two largest distributors in the\n \n USA\n \n , United Natural Foods and Kehe.\n \n \n The Company will be submitting its products to a variety of key retailers during the course of 2022, including Wholefoods, Albertsons Safeway, Wegmans along with a large number of regional players across the\n \n USA\n \n .\n \n \n Its products are now for sale in all Central Market locations in the\n \n USA\n \n .\n \n \n \n The Company's CEO\n \n Eric Ronsse\n \n stated \"We are pleased with the results of this quarter where we launched a new cannabis brand which continues to grow. We've anal...