Correction by source: planting hope continues sales momentum in q2 2023, focuses on foodservice channel development and executing strategic path to profitability

Combined gross revenues for q1 + q2 2023 (usd $6.0 million | cad $8.1 million) exceeded combined q1 + q2 revenues for 2022 (usd $5.9 million | cad $8.0 million) achieved q2 2023 revenues of usd $2.7 million (cad $3.7 million), a decrease of 19% over q2 2022 revenues of usd $3.3 million (cad $4.5 million), as the company strategically adjusted its channel and promotional strategies to focus on near-term transactionally profitable channels, products, and customers selling, general, and administrative (sg&a) expenses decreased by 16% to usd $2.6 million (cad $3.5 million) in q2 2023 compared to usd $3.1 million (cad $4.2 million) in q2 2022; sg&a in q1 + q2 2023 combined decreased by 19% over q1 + q2 2022, and sg&a as a percentage of revenue declined by 21% corrected combined gross revenues for q1 + q2 2023 (usd $6.0 million | cad $8.1 million) previously stated as (usd $8.1 million | cad $7.8 million). chicago, il and vancouver, bc / accesswire / august 30, 2023 / the planting hope company inc. (tsxv:mylk)(otcqb:mylkf)(fra:j94) ("planting hope" or the "company"), a foodtech company focused on leveraging cutting-edge ingredient, formulation, and packaging technology to develop breakthrough sustainable and nutritious food and beverage solutions, is pleased to report financial results for the three months ended june 30, 2023.
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