In the news release, Body and Mind Reports Q2 FY2022 Financial Results, issued 18-Mar-2022 by Body and Mind Inc. over CNW, we are advised by the company that in the Q2 FY2022 Financial Summary section, 6th bullet, an error as occured. Instead of ”0,04 million”, we should have read ”0.40 milllion”. Also, in the 9th bullet, instead of ”$55,93 million’, we shoudl have read ”$53,93 million”. The complete, corrected release follows:
Body and Mind Reports Q2 FY2022 Financial Results
27% year-over-year revenue growth, 6% sequential quarter-over-quarter revenue growth – Positive operational cashflow – Management to host earnings call March 18th
LAS VEGAS and VANCOUVER, BC, March 18, 2022 /CNW/ – Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) (the “Company” or “BaM”), a multi-state US cannabis operator, is pleased to report its financial results for the second fiscal quarter ended January 31, 2022.
Q2 FY2022 Financial Summary (results expressed in USD$ unless otherwise indicated):
Reported Q2 FY2022 revenue of $8.05 million a 27% increase over Q2 FY2021 revenue of $6.32 million and a 6% increase over Q1 FY2022 revenue of $7.57 million;
Q2 FY2022 Gross profit of $3.02 million, a 10% increase over Q2 FY2021 Gross profit of $2.75 million;
Q2 FY2022 Net Operating Loss of $0.97