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Press Release - MINING COM
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Press Release - MINING COM
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Kiaro to Participate in Canaccord Genuity s 5th Annual Virtual Cannabis Conference
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Kiaro Reports 230% Increase in Revenue in Fiscal Year 2021
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Record revenues of $17.1 million for fiscal year 2021, an increase of 230%, compared to $5.2 million the year prior
Same store sales increase of 58% year over year
Gross margin of 38.1% for the retail operations during fiscal year 2021 compared to 35% the prior year
General and administrative expense for fiscal year 2021 substantially decreased to 12% of revenue compared to 61% in the prior year
Total HQ salaries decreased to 10% of revenue compared to 46% in the prior year
Convertible debt and accrued interest of $6.5M converted to equity and settlement of $1.75M in promissory notes in fiscal year 2021, leaving only $895K in total principal debt remaining
Photo by Janet Hoffar
Surrey boxer Buneet Bisla is stepping back into the ring on April 30 to defend his undefeated record, but there will be one big difference during this fight.
For the first time in his career, Bisla will be boxing in a livestreamed event: The Resurgence presented by Empire Boxing Promotions. And though there will be no live audience in attendance during the bouts streaming from Richmond, Bisla is ready to take the next step towards becoming world champion.
Photo by Janet Hoffar
“My goal with boxing is to become world champion and I won’t stop until I reach my goal,” said Bisla, who is 2-0 as a professional boxer. “I am an ambitious 23-year-old. I am young and hungry willing to put in the hard work. I want to be a good role model for the young ones and inspire other people to always push themselves and reach for the stars because anything is possible.”