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Blueberries Medical Co (BBRRF) delivers pharmaceutical-grade medical cannabis solutions across Latin America through advanced cultivation and patient-focused research. This news hub provides investors and healthcare professionals with essential updates about the company's operational milestones and therapeutic innovations.
Access timely reports on earnings announcements, regulatory compliance developments, and research breakthroughs alongside details about strategic partnerships and product line expansions. Our curated news collection enables stakeholders to track both financial performance and medical impact.
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Blueberries Medical Corp (CSE: BBM) (OTC: BBRRF) has announced a non-brokered private placement of 96,064,935 common shares at C$0.011 per share, aiming to raise approximately C$1.05 million (US$740,000). The offering is expected to close on March 25, 2025.
The placement will be led by Terraflos Inc, a Latin American company controlled by Facundo Garreton, who serves as Blueberries' Chairman, CEO, and director. The proceeds will be used to fund and expand operations, and for general corporate and working capital purposes.
Following the offering, Garreton's ownership through Terraflos will increase to approximately 62.67% of outstanding Common Shares on a partially diluted basis, up from 61.23% prior to the offering. The transaction qualifies as a related party transaction but is exempt from formal valuation and minority shareholder approval requirements.
Blueberries Medical Corp (CSE: BBM) (OTC: BBRRF) has announced a non-brokered private placement of 96,064,935 common shares at C$0.011 per share, aiming to raise approximately C$1.05 million (US$740,000). The offering is expected to close around March 25, 2024.
The placement will be primarily led by Terraflos Inc, a Latin American cannabis company controlled by Facundo Garreton, who serves as Blueberries' Chairman, CEO, and director. Director Guillermo Rodriguez is also expected to participate in the offering.
The net proceeds will be utilized to fund and expand operations, along with general corporate and working capital purposes. The transaction qualifies as a 'related party transaction' under MI 61-101, with exemptions from formal valuation and minority shareholder approval requirements.
Blueberries Medical Corp. (OTC: BBRRF) reported financial results for the year ending December 31, 2022. The company generated revenues of $235,449, a significant increase of 70% over 2021 due to new product introductions like CBD isolate. Total current assets rose to $2,185,642 from $1,563,617, while total liabilities decreased to $1,886,394 from $2,159,134. The net loss narrowed to $1,467,876 from $5,147,012, driven by increased sales and cost reductions in various operational areas. Blueberries aims to achieve break-even sales levels and expand market reach with operations in Argentina and a new shipment to Australia. The CEO expressed cautious optimism as the company awaits regulatory changes in Colombia.
Blueberries Medical Corp. (CSE: BBM) (OTC: BBRRF) has successfully completed a non-brokered private placement, issuing 54,498,889 common shares at CAD$0.027 each, raising approximately CAD$1.47 million (US$1.1 million). The funds will enhance production capabilities, upgrade infrastructure, and expand business networks into Europe, the USA, and Australia. The company pivoted to extraction services, generating CAD$178,397 in revenue for the first nine months of 2022, while reducing operational costs. However, the company reported a net loss of CAD$1.47 million in the same period.
Blueberries Medical Corp. (CSE: BBM) (OTC: BBRRF) reports significant growth in Q2 2022, doubling revenues to $39,826, driven by extraction services. The shift towards extraction services and successful exports to Argentina support their strategic pivot. The company has established a partnership for GACP CUMSC certified CBD and THC strains and is exploring new markets with innovative water-soluble products. However, operational costs surged, leading to a net loss of $511,717, raising concerns about expense management despite revenue growth.
Blueberries Medical Corp. (CSE: BBM, OTC: BBRRF) announced significant strides in its operations, including over 60 kg of CBD and non-psychoactive product shipments to Argentina. The company expects annual sales exceeding $2.5 million for 2023. Additionally, Blueberries received Colombian licenses for psychoactive cannabis exports and partnered with YVY Life Sciences to enhance operations. Operational expenses have decreased significantly, with plans to complete a GMP-compliant extraction lab by Q1 2023. A debt extension worth C$1 million is also disclosed, with a related party transaction highlighted.
Blueberries Medical Corp. (CSE: BBM) (OTC: BBRRF) released its Q1 2022 financial results, reporting revenues of $33,715, a significant increase compared to $23,120 in Q1 2021. Despite a gross profit of $13,918, the company incurred a net loss of $656,307, up from $590,325 a year earlier, primarily due to increased operational costs. The company is moving towards expanding revenues through new extraction services and partnerships in Latin America, while focusing on minimizing expenses and optimizing cash flow.
