In the first quarter of 2021, the cannabis-focused e-commerce company (TSXV:N) (OTCQB: NXTTF) reported total revenues up 13% year over year to CA$6.15 million ($4.96 million). Net income for the first three months of the fiscal year was CA$5.5 million, or Canadian dollars, as opposed to CA$5.3 million for the same time in 2020 and CA$7.2 million for the prior quarter. Sales of cannabis grew by 113% annually and accounted for 47% of all net sales. Operating costs decreased from CA$7.5 million to CA$2.5 million throughout the same time period. Inventory fell by 33%, from CA$8.8 million to CA$5.9 million, in the same quarter last year. Furthermore, receivables decreased by 22% from the previous year. Here is the Namaste Technologies Inc at weedlifestyles.
