HYTN Innovations Inc. reported unaudited Q1 financial results for its operating subsidiary, HYTN Beverage Corp., for the quarter ended December 31, 2021. The Q1 Results demonstrate HYTN’s path to commercialization as HYTN Beverage generated total sales of $212,581 during the Q1. This swift path to revenue was achieved as a direct result completion of the Company’s Kelowna, BC-based manufacturing facility and rapid license approvals from Health Canada, including a Cannabis Standard Processing Licence, both of which occurred during Q1 .
“With the completion of the recently announced reverse take-over and associated business combinations discussed in our February 18, 2022 news release, we are optimistic about our company’s simplified balance sheet, focused strategic vision and revenue trajectory as we progress into Q2,” said Elliot McKerr, HYTN CEO. “We encourage stakeholders to review our Listing Statement posted to SEDAR on February 18, 2022 and specifically the pro forma financial statements contained therein, which reflect the results of our recently completed business combinations.”
HYTN Beverage’s unaudited condensed consolidated financial statements and related management’s discussion and analysis for the three months ended December 31, 2021 are available on www.SEDAR.com.
About HYTN Innovations Inc.
HYTN formulates, manufactures, markets, and sells premium cannabis goods. With the mission to be the leading provider of consistent, natural, and delicious cannabis products, HYTN focuses its efforts on identifying category opportunities and takes an innovative approach to delivering elevated cannabis experiences to a discerning customer base. Please visit www.hytn.life for more information or contact:
