Bedrocan Announces Q4 and Fiscal 2015 Year-End Results
TORONTO , May 21, 2015 /CNW/ - Bedrocan Cannabis Corp. ("Bedrocan" or "the Company") (BED.V) announced its financial and operational results for the three and thirteen month periods ended January 31, 2015 . Bedrocan Cannabis Corp's wholly owned subsidiary Bedrocan Canada Inc. is a Licensed Producer under the Marihuana for Medical Purposes Regulations (MMPR).
Q4 and Year-End Financial and Operational Highlights:
- Revenues of medicinal cannabis to authorized patients in Canada were $487,430 for the three month period ended January 31, 2015 ("Q4/2015"), and $1,574,174 for the thirteen month period ended January 31, 2015 .
- Gross profit was $182,897 for Q4/2015, and $587,457 for the thirteen month period ended January 31, 2015 and in line with management's forecast.
- Announced renewal of its first license from Health Canada, effective December 2, 2014 and valid for one year, for the sale of up to an additional 240 kilograms of imported dried medicinal ...
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