![]() By mid-2024 we expect that our results will reflect the combination of margin improvements and cost reductions that can return ongoing profitability." Given the magnitude of the shift in a short period of time, charges and costs related to these changes will be absorbed throughout 2023, including the costs of exiting discontinued products and reduced topline revenue while we shift focus to high-velocity, high-profitability, low-investment channels like Foodservice. "We are well on track to turning the corner on profitability by the end of Q2 2024, and our Q3 2023 results reflect achievements towards that goal. "In the first half of 2023, we realigned our strategy with capital markets expectations and focused on increasing bottom line profitability, with the goal of achieving ongoing profitability on a solid recurring revenue base within six quarters," said Julia Stamberger, CEO and Co-Founder, Planting Hope. ( TSXV:MYLK)( OTCQB:MYLKF)( FRA:J94) (" Planting Hope" or the " Company"), a dynamic Foodtech innovation company dedicated to creating breakthrough delicious, sustainable food and beverage solutions through cutting-edge ingredient, formulation, and packaging technology, is pleased to report financial results for the three months ended September 30, 2023. These significant improvements can be attributed to management's adherence to the Company's strategic plan and focus on its path to profitability.ĬHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / Novem/ The Planting Hope Company Inc. Concurrently, SG&A expenses decreased by 17% for YTD 2023 to $7.6M (CAD $10.3M) and by 13% for Q3 2023 to $2.5M (CAD $3.3M), further demonstrating the Company's commitment to efficient use of capital throughout the organization.Gross margins are expected to further improve over time with additional scale and Foodservice focus. The Company realized a Gross Margin of 22% for Q3 2023, an improvement of 13 points or 144% over the Q3 2022 Gross Margin of 9%, primarily driven by the planned shifts in channel, customer, and product focus, moving away from developmental grocery retail accounts that require significant ongoing promotional investment.Revenue decreases were driven by the selective cutting of unprofitable accounts, promotional programs, and products, primarily at Grocery Retail, which freed up both management time and capital to focus on transactionally profitable customers, particularly Foodservice accounts. Proceeding rapidly on its strategic path to profitability, Planting Hope attained FY 2023 YTD gross revenues of $7.9M (CAD $10.7M) and Q3 2023 gross revenues of $1.9M (CAD $2.6M), reflecting anticipated gross revenue decreases versus FY 2022 of 22% and versus Q3 2022 of 48%.Additionally, we recommend checking out the latest coupons from well-known retailers such as Jubilee Favors, Easy Gazebos, Yorkville Blankets, Honeydew Sleep, MJC Hardware, Made For Sleep, Gallery Wallrus, and RK Thompson. If you're a fan of Tags For Hope, you'll definitely want to take advantage of our exclusive coupon codes for Hemp Sacred, Paradigm Research Products, and Outdoor Solar Lamps. Yes, all Tags For Hope coupons are here, which are Black Friday, Cyber Monday, Christmas, Halloween, Easter, New-Year Sales, End-Year Sales, Student Discount, Military Discount. Additionally, shopping as a regular customer, you can get your Birthday Coupons or special offers.Īre all coupons of Discount Events from Tags For Hope collected here? ![]() ![]() Shop at Tags For Hope on Family Day, Father's Day, and Mother's Day to save for your family with numerous coupons. If you intend to purchase at Tags For Hope, let's pick one to save on the cost.ĭoes Tags For Hope have any Friends and Family Discount Programs? How many Tags For Hope Active Coupons are there here?Ĭurrently, there are 3S offers in total and the biggest discount is 60% off. In case you enter a discount code during checkout that doesn't exist or isn't currently active, then you can see the message: “Unable to find a valid discount matching the code entered”. ![]() What happens if I enter an invalid discount code at Tags For Hope’s site? Tags For Hope will constantly offer up to 50% discount or more, so all customers can purchase well on their budget without worry. On some big events such as Black Friday, Valentine's Day. Does Tags For Hope apply 50% off for orders on Black Friday?
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