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Vitality Announces Second Quarter Results
Vitality Announces Second Quarter Results Canada NewsWire TSXV Trading ...
About this update from Vitality Products Inc.
[{"type":"text","content":"\n \n \n \n Vitality Announces Second Quarter Results\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 TSXV Trading Symbol:  VPI\n \n \n \n VANCOUVER, BC\n \n ,\n \n Sept. 29, 2021\n \n /CNW/ - Vitality Products Inc. (TSXV: VPI) (the \"Company\" or \"Vitality\") is pleased to report its financial results for the second quarter ended\n \n July 31, 2021\n \n .\n \n \n \n \n \n \n \n \n \n The financial results of the Company for the three months ended\n \n July 31, 2021\n \n show a net loss of\n \n $250,412\n \n or\n \n $0.01\n \n per share compared to a net loss of\n \n $74,722\n \n or\n \n $0.00\n \n per share for the same period last year.  Sales for the three months ended\n \n July 31, 2021\n \n of the Company's premium natural health products decreased 8% to\n \n $192,654\n \n (2020 -\n \n $209,745\n \n ).\n \n \n The Company's general and administrative expenses for the three months ended\n \n July 31, 2021\n \n increased to\n \n $375,153\n \n (2020 -\n \n $221,217\n \n ).  Wages and salary increased to\n \n $164,193\n \n (2020 -\n \n $97,604\n \n ) and share-based compensation increased to\n \n $79,475\n \n (2020 -\n \n $24,150\n \n ) as Vitality added key employees.  Promotion increased to\n \n $64,311\n \n (2020 -\n \n $23,242\n \n ) as the Company launched advertising campaigns to increase sales online and grow market share in retail stores located in\n \n British Columbia's\n \n Lower Mainland and\n \n Toronto, Ontario\n \n .\n \n \n The Company's condensed interim financial statements and management's discussion and analysis for the six months ended\n \n July 31, 2021\n \n and 2020 are available on the SEDAR website at\n \n www.sedar.com\n \n .\n \n \n \n \n About Vitality\n \n \n \n \n \n Visit our new Investor site:\n \n \n investinvitality.com\n \n \n \n \n VITALITY\n \n ® is an award-winning line of clean vitamins and supplements, marketed to natural health retailers and health and wellness conscious consumers. Manufactured locally in BC, and currently sold in 600 natural health stores and on...