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Yooma Wellness Inc - Toronto, Canada-based CBD and cannabis-related wellness products maker - In the third quarter that ended September 30, it records revenue of $2.4 million, up 14% from $2.1 million a year before. Attributes this to good growth from its operations in Europe and Japan. Also notes a benefit from acquisitions completed in the second half of 2021. Reports a net loss of $624,821, narrowed from $2.6 million. This can be put down to a ‘significant’ reduction in expenses year-over-year, as the cost-cutting measures began implementing earlier this year are realised, Yoom says.
‘We are continuing to explore different opportunities for a sale of assets, M&A or other strategic transactions and will update the market on the results of those efforts in due course,’ Chief Executive Jordan Greenberg comments.
Current stock price: C$0.020
12-month change: down 92%
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