Namaste Technologies Inc weedlifestyles.com

In the first quarter of 2021, the cannabis-focused e-commerce company (TSXV:N) (OTCQB: NXTTF) reported a 13% year-over-year growth in total revenue to CA$6.15 million ($4.96 million). Net income for the first three months of the fiscal year was CA$5.5 million, or Canadian dollars, as contrasted to CA$5.3 million in the same period of 2020 and CA$7.2 million in the prior quarter. Cannabis revenue surged by 113% from year to year and accounted for 47% of all net revenue. Operating expenses decreased from CA$7.5 million to CA$2.5 million within the same time period. Inventory fell by 33% from CA$8.8 million to CA$5.9 million in the same quarter last year. Additionally, year over year receivables decreased by 22%. Here is the Namaste Technologies Inc at weedlifestyles.