Rapid Dose Therapeutics (CSE:DOSE) released its financial results for Q1 of the fiscal 2020 year.
As quoted in the press release:
“This quarter represents a very exciting milestone for RDT as we commence the recognition of revenues from initial sales of our Energy, Vitamin B12, and Sleep QuickStrip™ nutraceutical products,” said Mark Upsdell, CEO of RDT. “Revenues from the delivery of QuickStrip™ production equipment and recurring revenues for cannabis products will begin in Q2.”
First Quarter Highlights
Commencement of revenue recognition from the sale of QuickStrip™ nutraceutical products
Appointment of Mr. Ian Fodie as Chief Financial Officer
Signing of Distribution Agreement with TFB & Associates Ltd. for QuickStrip™ nutraceutical products in Canada
Signing of Memorandum of Understanding with Thrive Cannabis providing Thrive the right to sell RDT’s proprietary QuickStripTM technology using cannabis distillate in Canada