Hempsana Net Loss Grew 156.36% To $4.23M In 2021, First Year With Revenue

Hempsana Holdings Ltd. announced fourth quarter and annual financial results for the twelve-month period ended December 31, 2021.

Financial Highlights

Revenues were $114,715 for fiscal 2021, the first year the company had revenues.
Revenues for Q4 2021 were $84,351, compared to $30,364 in Q3 2021, which represents a 178% quarter over quarter increase.
Net loss and comprehensive loss were $4.23 million in fiscal 2021 compared to a net loss of $1.65 million in 2020
Net loss per share was $(0.19) in fiscal 2021, compared to $(0.10) in 2020
The higher net loss in 2021 was driven by one-time costs related to the RTO Transaction and costs to operate as …