Mellow Enterprise (OTCPK:CBDD) released Q3 results with revenue of $26,907 and gross profit of $6,303, this compares to Q3 2021 revenue of $6.4 million and gross loss of $432,336. Net income from operations was a loss of $219,160, cutting losses in half from Q2 and comparing to a loss of $458,259 in the same quarter last year. The company made a strategic decision during the quarter to sever relationships with loss-making client relationships to focus the company on cash flow and profitability.

As a part of this restructuring, the work force was reduced and other cost-cutting measures were enacted. This has put the company on much better footing financially going into 2023. In addition, the company was able to raise approximately $210,000 from investors to help fund the business through this transition.

"There have been obstacles to overcome recently at CBDD while working hard to secure its future and allowing it to grow. The cannabis industry remains attractive and Europe is on the cusp of wider-spread legalization as soon as Jan 1, 2024. Since day one, we have focused on reducing the losses at the company to give us a chance …

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