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Sativa Wellness Publishes 2020 Financial Statements


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. ('

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Sativa Wellness Publishes 2020 Financial Statements

Sativa Wellness Publishes 2020 Financial Statements
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Sativa Wellness Publishes 2020 Financial Statements

Sativa Wellness Publishes 2020 Financial Statements
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Sativa Wellness Group Inc. Provides Annual General and Special Meeting Update


Sativa 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 the floor, namely, Geremy Thomas and George Thomas. The Company held a ballot for the election of the directors, and the percentage of votes cast for each director are as follows:

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Investegate |Sativa Wellness Announcements | Sativa Wellness: Result of AGM and Board Changes


*A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
1. Obtains access to the information in a personal capacity;
2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;

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