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Isodiol International Inc. Reports Fiscal Q2 2019 Financial Results
Isodiol International Inc. Reports Fiscal Q2 2019 Financial Results.
About this update from Isodiol International Inc
[{"type":"text","content":"\nVANCOUVER, British Columbia, Nov. 30, 2018 (GLOBE NEWSWIRE) -- Isodiol International Inc. (CSE: ISOL) (OTCQB: ISOLF) (FSE: LB6B.F) (the “Company” or “Isodiol”) announces its financial and operational results for the second quarter of fiscal 2019, ended September 30, 2018.   \n Second Quarter Highlights include: Total Revenue of $8,030,825 with gross profit of $4,317,612.The Company was included as a show segment on the national PBS series “American Health Journal – Innovations in Medicine.”Iso-Sport (subsidiary of the Company) entered into an agreement with Altis LLC to create the “Iso-Sport Living Lab.”The Company announced the appointment of Marvin Washington to its Board of Directors.The Company entered into an agreement with Powerhouse Gym to be the preferred vendor of CBD performance products offered to its gym members. Subsequent Events: Iso-Sport (subsidiary of the Company) reached deals with London Fight Store, and Grapplestore, two UK based mixed martial arts retailers, to sell the CBD Performance Products.The Company executed an agreement with Brew Hub, LLC for the exclusive development and manufacturing of its hemp, cannabis, hemp-derived, and cannabis-derived beverages.The Company entered into an agreement with Record Street Brewing Co for R&D of hemp-based beers and functional beverages.On November 21, 2018 the Company announced the appointment of Leonardo Matesanz to it’s Board of Directors. “In anticipation of the US Farm bill being finalized,1 and with the possibility of an increase in demand for consumer packaged goods (CPG), the Company scaled back bulk raw ingredient CBD sales in an effort to increase production and inventory of CPG for 2019,” said CEO of Isodiol, Marcos Agramont.  “While this has impacted our Q2 revenues, the Company believes this move was necessary for long-term, sustainable growth.” The unaudited condensed consolidated interim financial Statements and MD&A for the three months ended September 30, 2018 will be filed on SEDAR and available at www.sedar.com. ______________________________ 1 https://www.reuters.com/article/us-usa-farmbill/farm-bill-deal-very-close-senators-say-idUSKCN1NX2ON  About Isodiol International Inc. Isodiol International Inc. is focused on the nutritional he...