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The Planting Hope Company Inc. - $MYLKF STOCK NEWS

Welcome to our dedicated page for The Planting Hope Company news (Ticker: $MYLKF), a resource for investors and traders seeking the latest updates and insights on The Planting Hope Company stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The Planting Hope Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The Planting Hope Company's position in the market.

Rhea-AI Summary
Combined Gross Revenues for Q1 + Q2 2023 exceeded Q1 + Q2 revenues for 2022. Q2 2023 Revenues decreased by 19% compared to Q2 2022. SG&A expenses decreased by 16% in Q2 2023. Company focused on increasing bottom line profitability and achieving EBITDA profitability over the next seven quarters. Strategic re-alignment in Grocery Retail business to improve profitability. Focus on developing opportunities in Foodservice. Sales growth and acceleration in scalable profitable channels. Reductions in SG&A expenses. Achieved various distribution and retail partnerships.
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Consumer Reports recognizes Hope and Sesame® Sesamemilk as a core subcategory in plant milk, boosting its position in the market.
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Planting Hope closes non-brokered private placement of convertible debentures worth $1,059,710 CAD
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Planting Hope acquires Argo Tea assets, receives $1,000,000 loan. Argo Tea assets include contracts with Sodexo and Aramark, licenses for 8 cafes at US universities. Loan has advanced $400,000. Acquisition expected to accelerate revenue and profitability in 2024 and beyond. Cafes to serve as test market for new products. Company plans to expand supplier agreements and develop menus for cafes. Candace Pappas joins as VP of Foodservice Business Development. Loan bears interest at 11% per annum. Lender to receive revenue share on Argo Tea products. Liabilities assumed for $270,000 note payable. Revenue share agreement begins in 2024.
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Planting Hope partners with regional distributors to expand presence of Hope and Sesame® Sesamemilk in Quebec and New York City
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The Planting Hope Company Inc.

OTC:MYLKF

MYLKF Rankings

MYLKF Stock Data

9.06M
70.27M
0.45%
Fluid Milk Manufacturing
Manufacturing
Link
United States of America
Vancouver