Namaste Technologies Inc
Namaste Technologies Inc
weed_lifestyles
The cannabis-focused e-commerce company (TSXV:N) (OTCQB: NXTTF) announced a 13% increase in total sales year over year to CA$6.15 million ($4.96 million) in the first quarter of 2021. Compared to CA$5.3 million for the same period in 2020 and CA$7.2 million for the previous quarter, net income for the first three months of the fiscal year was CA$5.5 million, or Canadian dollars. Cannabis sales increased by 113% from year to year and made up 47% of total net sales. Within the same time frame, operating costs dropped from CA$7.5 million to CA$2.5 million. In the same quarter last year, inventory decreased by 33%, from CA$8.8 million to CA$5.9 million. Additionally, receivables were down 22% year over year. Here is the Namaste Technologies Inc at weedlifestyles.
