PICKERING, ON, Aug. 28, 2023 /CNW/ – MTL Cannabis Corp. (CSE: MTLC) (“MTL” or the “Company“) is pleased to report it has filed the financial statements as at and for the three-month periods ending June 30, 2023 and 2022 for its wholly-owned subsidiary Montréal Cannabis Médical Inc. (“Montréal Cannabis“). Complete details may be found at www.sedarplus.ca.
Montréal Cannabis completed a reverse takeover of MTL (formerly Canada House Cannabis Group Corp.) on July 28, 2023, and the first set of consolidated statements for the combined entity will be as at and for the six-month periods ending September 30, 2023.
First Quarter 2023 Financial Highlights for Montréal Cannabis:
- Net Revenue of $12,763,787 an improvement of $6,997,659, or 121%, compared to $5,766,128 in the same quarter of last year.
- Gross Profit of $3,274,781, an improvement of $602,069, compared to $2,672,712 in the same quarter of last year.
- Operating Income…
