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LOS ANGELES, CA / ACCESSWIRE / April 20, 2021 / Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company involved in disruptive areas of the cannabis and hemp-related industries, today announces a substantial increase in its assets base and equity via a quarterly filing with the Securities & Exchange Commission. For the quarter ending February 28, 2021, the Company reported $11.9 million in assets, an increase of 275% over the previous quarterly period, which ended on November 30, 2020.
Equity increased 397% from a deficit in stockholder s equity of $1.4M for the fiscal year ended August 31, 2020, to a positive equity position of $4.3M on a consolidated basis for the second quarter ended February 28, 2021, leading to an overall strengthening of the Company s balance sheet.
Cannabis Global Reports 275% Increase in Assets and 397% increase in Equity - Offers Guidance on Expected Revenue Growth as it Launches Cannabis Products into the California Market
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Cannabis Global Reports 275% Increase in Assets and 397% increase in Equity - Offers Guidance on Expected Revenue Growth as it Launches Cannabis Products into the California Market
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