PEI Cannabis - Annual Report 2020

OPERATING EXPENSES ANALYSIS

Category

Fiscal 2020

Net Receipts from Sales

$16,355,262 $3,989,508

Gross Profit

Net Profit

$653,401

General & Administrative Expenses

$4,032,557

Gross Profit as a Percentage of Net Receipts Net Profit as a Percentage of Net Receipts

24.39%

4.00%

General & Administrative Expenses as a Percentage of Net Receipts

24.66%

PEI Cannabis Î.-P.-É. • 2019 Annual Report 29