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Hempsana Holdings Ltd. (the “ Company ” or “ Hempsana ”) today announced second quarter (“Q2”) financial results for the three- and six-month period ended June 30, 2021.
“During the second quarter, the Company focused on completing it business combination with Stralak Resource Inc. and its listing on the CSE. We successful closed the transaction on July 12, 2021 and began publicly trading on the CSE. This marks a significant achievement for Hempsana and is a testament to the all the hard work and dedication of our team to bring this to fruition” said Randy Ko, CEO of Hempsana.
Mr. Ko continued “with the RTO now behind us and with the commencement of our commercial production, we are now focused on building our sales pipeline and revenue generation and expanding our production capabilities beyond cannabis bulk derivatives.”
Operational and Financial Highlights:
- Added distillate processing capacity: During quarter, the Company invested $156,160 in new equipment which will double our distillate production capacity.
- Processed 2,720 kgs of hemp biomass for the purposes of Full Spectrum CBD Crude and CBD Distillate production.
- Production of 173 kgs of Full Spectrum CBD Crude.
- Production of 19 kgs of CBD distillate.
- Total Net loss and comprehensive loss for Q2 2021 was $(614,539)...
Read Full Story: https://investingnews.com/daily/cannabis-investing/hempsana-announces-q2-2021-financial-results/
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