SpeakEasy Reports Earnings for it's First Quarter of Sales and Releases Quarter Two Financial Results

By PRNewswire3 days ago

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ROCK CREEK, BC, April 8, 2021 /CNW/ - SpeakEasy Cannabis Club Ltd. (CSE:EASY) (Frankfurt: 39H)(the “Company“ or “SpeakEasy“) a holder of a federal licence to cultivate, process and sell cannabis under the Cannabis Act. is pleased to announce that it has reported initial sales and net earnings from the sale of its indoor grow operations and provides corporate update.The information in this release should be read in conjunction with the Company's unaudited condensed interim consolidated financial statements and associated management discussion and analysis (“MD&A“) for the interim period ended January 31, 2021 which are available of the Company's website at www.speakeasygrowers.comand under the Company's profile on SEDAR at www.sedar.com.

We are incredibly pleased to report our earnings for Q2 2021, marking this the first quarter of reported revenues and positive earnings. This achievement is particularly satisfying given the challenging environment for many cannabis companies and the uncertainty in the current markets, stated Malcolm Davidson, CEO. “It is an absolute privilege to be part of team that has worked relentlessly around the clock to bring these remarkable results to our shareholders and to their fellow team members. The transition to sales has come with its fair share of challenges however we did it by demonstrating profitable and reliable operations. Our goal will be to continue to grow and expand our operations while achieving an increase in efficiencies which will lead to profitability and create value for our shareholders“.

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