Hempshire Group Announces Second Quarter Financial Results
CALGARY, Alberta – The Hempshire Group, Inc. (formerly Hoist Capital Corp.) (“Hempshire” or the “Company”) (TSXV: HMPG) is pleased to announce the release of its 2023 second quarter financial results. Selected financial information is outlined below and should be read in conjunction with the Company’s unaudited condensed interim consolidated financial statements (the “Financial Statements”) and related management’s discussion and analysis (the “MD&A”) for the three and six months ended June 30, 2023 and 2022, which are available on the Company’s SEDAR+ profile at www.sedarplus.ca. All figures referred to in this press release are presented in U.S. dollars, unless otherwise noted. Financial Summary The Company’s revenue for the three and six months ended June 30, 2023, increased 187% and 184% from the comparative periods, respectively. This overall increase in revenue is a result of the Company rebalancing its U.S. domestic sales strategy in 2023 by focusing on increasing wh...