Perhaps keep for 2 years if judging by cash burn you feel...

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Rusty55

149 Posts.

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01/02/22

11:56

Post #: 59270218
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Originally posted by pac23: ↑

Better than expected >
keep in the bottom drawer for another 2years...

Highlights/ take aways

Quarterly cash receipts of A$4,028,000 representing a 57.6% increase on the previous quarter

Strong sales across the group, particularly in Australia and the UK

Acquisitive expansion:
Health House’s Board, management team and advisors have a proven track record of identifying and implementing strategic acquisitions and successfully integrating these into existing businesses. Health House believes that it continues to be well placed to attract and identify potential acquisition targets in strategic markets to build out its business and expand its geographic distribution footprint.

Health House International ́s CEO, Mr David Atwood commented:
"We are extremely pleased with our results this quarter, we saw a 57.6% increase in cash receipts which exceeded A$4 million for the first time. We also saw an increase in our drawn down debtor financing facility and a small increase in receivables. The team have worked tirelessly in driving the growth in sales in the UK and Australian businesses. In particular, the Australian operations successfully took advantage of regulatory changes and momentum in the Australian medicinal cannabis sector."

gltah

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Perhaps keep for 2 years if judging by cash burn you feel company can last that long?

Last edited by Rusty55: 01/02/22

HHI Price at posting: 7.0¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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