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Sativa Wellness Publishes 2020 Financial Statements
ACCESSWIRE
VANCOUVER, BC / ACCESSWIRE / May 3, 2021 / Sativa Wellness Group Inc. (CSE:SWEL) (
Sativa Wellness or the
Company ) wishes to announce the publication of its Financial Statements and Management, Discussion and Analysis report for year ended December 31, 2020.
The key highlights of 2020 can be summarised as follows:
2020 Financial Results
The turnover for 2020 was £1,994K (C$3,478K) which was a 38% increase on the previous year (£1,449K) and the gross profit margin at 56% was a 4% increase on the 52% of the previous year. This, in the year of a pandemic, was a great success.
The net deficit of £4,505K (2019: £3,797k) although still high, included a significant amount of transaction and consolidation costs that would otherwise not have been incurred given the reverse takeover of StillCanna Inc. (
BristolCity-ofUnited-kingdomUnited-statesCanadaPolandLondonVancouverBritish-columbiaPolishCanadianSativa Wellness Group Inc. Provides Annual General and Special Meeting Update
VANCOUVER, BC / ACCESSWIRE / January 29, 2021 / Sativa Wellness Group Inc. (CSE:SWEL) ( Sativa Wellness or the Company ) is pleased to announce the results of the Company s Annual General, and Special Meeting of the shareholders held on January 26, 2021 (the Meeting ). There were 97,361,247 shares voted, representing 32.18% of the total shares issued and outstanding. A majority of the shareholders voted to accept the financial statements for each of the 2019 and 2020 fiscal years. The shareholders unanimously voted to set the number of directors at six. Each of Henry Lees-Buckley and Jason Dussault declined their respective nominations as a Director of the Company. The remaining management recommendations for directors, namely, Jonathan Wearing, Joseph Colliver, Angus Kerr, and Mark Blower, accepted their respective nominations as Directors of the Company. There were two nominations for directors from t
United-statesCanadaVancouverBritish-columbiaCanadianGeorge-bancoAngus-kerrGeorge-thomasHenry-lees-buckleyJoseph-colliverGeremy-thomasJason-dussault