Bespoke Extracts, Inc. (BSPK) Jul 2024 Earnings Report

Bespoke Extracts Inc.: Investment Report

Overview

Bespoke Extracts Inc. (BSPK) is a unique player in the cannabis industry, producing and selling pre-rolled marijuana cigarettes in the United States. The company's focus on cannabis consumer packaged goods and its operations in the marijuana-infused products production facility make it an attractive opportunity for investors looking to tap into the growing cannabis market. In this report, we will delve into the company's financial performance, growth prospects, and recent news to provide a comprehensive analysis of BSPK's investment potential.

Core Metrics

  • Current price: $0.1282 USD
  • 52-week high: $1.0 USD
  • 52-week low: $0.0186 USD
  • Market Cap: $1.3036 million USD
  • P/E Ratio: N/A
  • Earnings per Share: -$0.14 USD
  • 50-day average: $0.1042 USD
  • 200-day average: $0.1189 USD
  • Analyst Recommendations: None

Financial Performance

Bespoke Extracts Inc. has reported a significant decline in its financial performance, with an EBITDA margin of -1.8626. The company's operating cash flow is also negative, at -$415,198, indicating a need for improvement in its operational efficiency. However, the company's gross margins of 0.4369 suggest that there is potential for improvement. The company's total cash reserves of $6,607 and free cash flow of $187,354 provide some comfort, but the overall financial performance is a concern.

Growth Prospects

The cannabis industry is expected to continue growing, driven by increasing legalization and acceptance. Bespoke Extracts Inc.'s focus on cannabis consumer packaged goods and its operations in the marijuana-infused products production facility position the company well to benefit from this growth. However, the company needs to address its operational inefficiencies and improve its financial performance to fully realize its growth potential.

News and Updates

Recent news articles have highlighted the company's design capabilities, with BSPK Design being featured in an article by Laweekly. Additionally, the company has been mentioned in several articles on websites such as Morningstar and MSN. However, there has been no recent news that has had a significant impact on the stock price.

Upgrades and Downgrades

There have been no recent upgrades or downgrades by analysts on Bespoke Extracts Inc.

Summary

Bespoke Extracts Inc. is a cannabis company with a unique focus on cannabis consumer packaged goods and marijuana-infused products production. While the company's financial performance is a concern, its growth prospects are promising, driven by the expected growth of the cannabis industry. However, the company needs to address its operational inefficiencies and improve its financial performance to fully realize its growth potential. This report highlights the key metrics, financial performance, and news updates to provide a comprehensive analysis of Bespoke Extracts Inc.'s investment potential.

Disclosures

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