Can B Corp. Announces Full Year 2020 Results
Efficiencies and Lower Expenses Lead to a Significant Reduction in Operating Loss
HICKSVILLE,
ACCESSWIRE /
April 14, 2021 / Can B Corp. (OTCQB:CANB) ("Can B" or the "Company"), a diversified health and wellness company, announced today operating and financial results for the year ended December 31, 2020.
"As it was for many companies, 2020 was a challenging year for us," commented Marco Alfonsi, Can B's Chief Executive Officer. "We took the time to right-size our expenses, focus our energy on higher margin revenue opportunities and improve our positioning for future growth and profits."
Mr. Alfonsi continued, "As an integrated Health & Wellness company providing the highest quality cannabidiol (CBD) products as well as traditional wellness products our business pipeline remains strong. We are optimistic for growth with a return to more normalcy as more and more restrictions ease from the Covid-19 pandemic. We look forward to leveraging our R&D and production facility in Lacey, WA for both our own products and private label for others."