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Old 05-29-2018, 10:03 PM   Nav to Top  #71
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Sunora Foods Q1 2018 Results (Ending March 31st 2018)
Financials + Management Discussion. All Information can be found on Sedar.

Price: $0.14
Common Shares: 42,254,332
Insider/Institutional Holdings: 71% total, as per information circular. CEO holds 52%
Website: 301 Moved Permanently

ASSETS
Cash: $3,118,936
Accounts Receivable: $1,798,422
Inventory: $265,555
Prepaid Expenses: $21,035
GST Recoverable: $9.770
Income Tax Receivable: $72.915
Total Assets: $5,286,633

LIABILITIES
Accounts Payable: $1,311,140
Customer Deposits: $87,704
Total Liabilities: $1,398,844

Q1 Performance
Sales: $3,936,012
Cost Of Sales: $3,654,250
G&A Expenses: $134,698
Net Income: $106,130
Earnings Per Share: $0.002

MD&A Highlights

Sunora had 13% higher sales for the three-month period ended March 31, 2018 than for the comparative three-month period. Most of this increase was attributable to increased overseas sales. The income from operations before taxes for the first quarter of 2018 was $147,064 compared to $86,129 for the same period of 2017. Sales were 13% higher and gross margin increased to 7.2% from 6.7% achieved in the first quarter of 2017. Gross margin percentage increased because of an increased proportion of packaged oil sales

Sunora's current assets consist of cash, accounts receivable, prepaid expenses, inventory and income tax recoverable. Cash is held for working capital requirements and to fund expansion costs for new markets and customers. A policy of conserving cash is rigorously followed by management in order to sustain operations and not hamper its marketing strategies. Accounts receivable increased by 38% but is in a comparable range to that of December 31, 2017, due to continuing efforts by management to control the Company’s credit and collections. The 38% decrease in inventory is due to a change in the mix of customer orders, with a decline in smaller orders shipped from warehouses.
The net income for first quarter of 2018 was $106,130 compared to $20,704 and $20,118 for the fourth and third quarters of 2017, respectively. The loss for the quarter ended June 30, 2017 of $243,178 was due to the settlement of the trade dispute. The increase in the net income for the first quarter is due to increased International sales, as well as higher gross margin and foreign exchange gains.

Outlook

Sunora maintains good relationships with customers in North America and overseas. These relationships continue to drive demand for food oil products from Canada, with Sunora well positioned to meet existing and additional demand. Management has focused on increasing visibility in emerging markets, with a specific focus on the economies in Asia, with a view to meet this increased demand for Canadian manufactured food oil products. Sunora’s operations are impacted by geopolitical situations that may hold up deliveries as was experienced in recent quarters. As the middle class in these emerging economies demands higher quality and healthier foods, Sunora is well positioned to meet additional demand.

Management is actively identifying and analyzing operations that might increase gross margins for the Company. Prospective businesses considered include packagers and suppliers in the food oil industry. With each operation identified, a detailed review and analysis is undertaken by management. Specific focus is currently on packagers with operations in Canada that are looking for a strategic partner to expand international operations. Management is also actively considering possible new products and trading opportunities that may benefit from its contacts in domestic and international markets. With the continuing positive momentum in the United States economy and new customers being added in Asia, Sunora is well placed for the future.
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Old 07-11-2018, 01:25 PM   Nav to Top  #72
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Sunora Foods' Q2 sales at $3.52-million

2018-07-11 11:09 MT - News Release


Mr. Steve Bank reports

SUNORA FOODS ANNOUNCES Q2 2018 SALES FIGURES

Sunora Foods Inc. has released unaudited, preliminary sales figures for the second quarter ending June 30, 2018.

SALES FIGURES Q2 2018

Q2 2018 Q2 2017

Sales $3,520,361 $3,165,082
Canadian $45,560 $186,690
United States $2,503,946 $2,411,188
Overseas $970,854 $567,204
Stronger sales in the second quarter resulted from Sunora overseas initiatives. The company will be continuing its efforts in this direction.

About Sunora Foods Inc.

Sunora Foods is a food oil entity, based in Calgary, Alta., trading and supplying canola oil and other food oils in Canada and internationally under the Sunora, Sunera and numerous private label brands.

© 2018 Canjex Publishing Ltd. All rights reserved.
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Old 08-28-2018, 10:26 PM   Nav to Top  #73
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Sunora Foods files Q2 2018 financials, arranges NCIB

2018-08-28 14:30 MT - News Release


Mr. Steve Bank reports

SUNORA FOODS ANNOUNCES 2018 QUARTER 2 FINANCIAL RESULTS AND NORMAL COURSE ISSUER BID

Sunora Foods Inc. has filed its financial statements and management's discussion and analysis for the three-month period ending June 30, 2018. These filings are available for review on SEDAR and at the company's website.

In addition, the Corporation has made application to initiate a Normal Course Issuer Bid ("NCIB") subject to TSX Venture Exchange approval. The Corporation is undertaking the NCIB because it believes its securities are undervalued. The NCIB will be conducted through PI Financial Corp. The Corporation seeks to acquire up to 5% of the issued and outstanding common shares. The maximum number of common shares that will be purchased is 2,172,716.

During the three-month period ended June 30, 2018 Sunora's highlights include the following:

Revenue of $3,684,694 for the 2018 Quarter 2 versus revenue of $3,164,688 for the comparable 2017 Q2:

Net Income for the three-month period ending June 30, 2018 of $46,840 versus a net loss of $243,175 for the comparable period ending June 30, 2017;

Income from operations for the three-month period ending June 30, 2018 of $38,719;

International sales of $1,104,463 for the 2018 Q2 versus international sales of $567,204 for the comparable period;

Cash and Cash Equivalents of $3,300,529 for the period ending June 30, 2018;

FINANCIAL HIGHLIGHTS

Period ending June 30, 2018
Sales $3,684,694
Gross Margin $170,167
Income before Taxes$38,719
Net Income $46,840
Earnings Per Share $0.001
About Sunora Foods

Sunora Foods is a Calgary, Alberta based food oil entity trading and supplying canola oil, corn oil, soybean oil, olive oil, and specialty oils in Canada and internationally under the "Sunora", "Sunera" and numerous private label brands.

© 2018 Canjex Publishing Ltd. All rights reserved.
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Old 08-30-2018, 08:36 AM   Nav to Top  #74
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Thank you for the info
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