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Hill Street Beverage Company Inc.: Hill Street Reports FY 2021 Second Quarter Results and Provides Update on Operations


Hill Street Beverage Company Inc.: Hill Street Reports FY 2021 Second Quarter Results and Provides Update on Operations
Hill Street Beverage Company Inc.
(TSXV: BEER)
( Hill Street or the
Company ) reported its second quarter results for the period ended December 31, 2020. A complete set of financial statements and Management s Discussion & Analysis has been filed at www.sedar.com. All dollar figures are quoted in Canadian dollars.
The second quarter of FY21, saw continued momentum for the Company despite ongoing pandemic related challenges. Net revenue grew 8% to $745,748 from $689,276 versus the same quarter year ago. The Company also saw significant improvement on its bottom line, reducing its net loss by 50% from ($.956) million to ($.481) million, year over year for the quarter, as a result of improved gross margin and cost management efforts. On December 9, 2020, the company announced the closing of the acquisition of substantially all of the assets ....

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Hill Street Beverage Company Inc.: Hill Street Welcomes Raymond Bisaillon to the Board of Directors


Hill Street Beverage Company Inc.: Hill Street Welcomes Raymond Bisaillon to the Board of Directors
Hill Street Beverage Company Inc.
(TSXV: BEER)
( Hill Street or the
Company ) is pleased to announce that it has appointed Raymond Bisaillon to the board of directors of the Company.
Jack Fraser, Chairman of the Board stated, We are very excited to welcome Raymond to the Board of Directors of Hill Street, as his past success & fresh approach to this rapidly expanding sector compliments the talents of the company s already rich assets.
His appointment comes at a time when Hill Street is poised to leverage the recent acquisition of the exclusive rights to Lexaria s ground-breaking DehydraTECHTM patent portfolio on a global basis. Mr. Bisaillon commented that I am of the strong belief that DehydraTech is the safest, healthiest and most simple method to infuse the numerous attributes of the Cannabis plant into the bloodstream and am thrilled to partner w ....

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Hill Street Beverage Company Inc.: Hill Street Appoints Co-Chief Executive Officers


Hill Street Beverage Company Inc.: Hill Street Appoints Co-Chief Executive Officers
Hill Street Beverage Company Inc.
(TSXV: BEER)
( Hill Street or the
Company ) announces that it will be restructuring its senior management team and will be appointing current board members, Lori Senecal and Craig Binkley, as interim co-Chief Executive Officers of the Company. The Company anticipates that Mr. Donnelly, will remain with the Company as a board member until its next AGM.
Jack Fraser, Chairman of the Board stated, On behalf of Hill Street, I would like to thank Terry for his service to the Company. His expertise and dedication have benefitted the Company in countless ways and we wish him the utmost success in his future endeavours. Adding, that, We are very excited to welcome Craig and Lori to their expanded roles as Co-CEOs of Hill Street. The extensive knowledge and expertise that Craig and Lori bring at this stage to Hill Street s operating team will he ....

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Hill Street Beverage Company Inc.: Hill Street Announces Closing of Asset Acquisition of Lexaria Canpharm


Hill Street Beverage Company Inc.: Hill Street Announces Closing of Asset Acquisition of Lexaria Canpharm
Hill Street Beverage Company Inc.
(TSXV: BEER)
( Hill Street or the Company ) today announces that further to its press release dated November 18, 2020, it has closed the acquisition of the primary assets of
Lexaria Canpharm ULC, the cannabis-related division of
Lexaria Bioscience Corp. ( Lexaria ). This
acquisition provides
Lexaria s ground-breaking
DehydraTECH
TM patent portfolio on a global basis to make any type of non-pharmaceutical product containing 0.3% or greater THC and other psychoactive cannabinoids. In addition, the agreement expands
Hill Street s license with
Lexaria Hemp Corp. to make products containing CBD on a global basis for ten years. ....

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