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Can B Corp Announces First Quarter 2021 Results


Can B Corp Announces First Quarter 2021 Results
ACCESSWIRE
- Strengthened Balance Sheet with $1.7 Million Cash Balance
- Strong Gross Margin of 75%
HICKSVILLE,
NY / ACCESSWIRE
/ May 22, 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 three months ended March 31, 2021.
Marco Alfonsi, Can B s Chief Executive Officer, commented, While we experienced a decline in our revenue due to Covid-19 s negative impact on markets we serve in elective surgeries and lost clients due to business closings of certain distributors, we have taken the time to maintain and strengthen our vertically integrated platform. As an integrated Health & Wellness company providing the highest quality cannabidiol (CBD) and traditional wellness products our business pipeline remains strong for both our own branded lines and our private label contract manufacturing. Additionall ....

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Can B Corp. Announces Full Year 2020 Results


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 l ....

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