Cannabis Sativa, Inc. Reports Loss in Q1 2023 Despite Increase in Revenues


Cannabis Sativa, Inc., a leading cannabis company, recently released its quarterly report for the first quarter of 2023. While the company saw an increase in revenues compared to the previous year, it reported a net loss for the period. This article provides an in-depth analysis of the company’s financials based on the facts and statistics presented in its quarterly report.


According to the report, Cannabis Sativa, Inc. generated $345,368 in revenues in Q1 2023, a slight decrease from the $423,701 in revenues it generated in the same period last year. The decrease in revenues can be attributed to factors such as a decrease in the demand for the company’s products or services or increased competition in the market.

Costs and Gross Profit

On the cost side, the company reported $105,401 in cost of revenues in Q1 2023, a decrease from the $158,689 reported in the same period last year. This resulted in a gross profit of $239,967 for the period, down from $265,012 in Q1 2022.

Operating Expenses

However, the operating expenses for the company increased significantly in Q1 2023. The report shows that professional fees amounted to $53,141, depreciation and amortization expenses were $37,989, wages and salaries totaled $115,103, advertising expenses were $2,846, and general and administrative expenses amounted to $143,249. In total, the company reported operating expenses of $352,328 for Q1 2023, compared to $594,843 in the same period last year.

Loss from Operations

As a result, Cannabis Sativa, Inc. reported a loss from operations of $112,361 in Q1 2023, an improvement from the loss of $329,831 reported in Q1 2022.

Other Expenses

The company also incurred other expenses during the quarter, including an unrealized gain on investment of $211,483, a loss on debt settlement of $10,641, a loss on the sale of investment securities of $155,735, and interest expenses of $9,881. These expenses resulted in other expenses, net of $387,740.

Net Loss

Taking these expenses into account, Cannabis Sativa, Inc. reported a loss before income taxes of $500,101 in Q1 2023, compared to a loss of $100,353 in the same period last year. After accounting for income taxes, the company’s net loss for the period was $500,101, with a loss of $522,922 attributed to Cannabis Sativa, Inc.

Earnings Per Share

On a per share basis, the company reported a net loss of $0.01 per common share, both basic and diluted. The weighted average common shares outstanding for the period were 45,669,639, an increase from 30,746,865 in the same period last year.

Balance Sheet

Looking at the company’s balance sheet, Cannabis Sativa, Inc. reported total stockholders’ equity of $1,198,218 at the end of Q1 2023, a decrease from $1,672,682 in the previous year. The company’s total liabilities and stockholders’ equity amounted to $2,173,967.


It’s important to note that the company’s financial statements are presented on an unaudited basis, and operating results for Q1 2023 may not be indicative of the results expected for the full year ending December 31, 2023.


In conclusion, Cannabis Sativa, Inc. experienced a loss in the first quarter of 2023 despite generating increased revenues compared to the previous year. The company’s financial performance was impacted by higher operating expenses and other expenses, resulting in a net loss for the period. However, it remains to be seen how the company will navigate the challenges and opportunities in the rapidly evolving cannabis industry in the coming months.

Note that we may hold securities mentioned in this article. All data is based on recent SEC filings. Even though we have implemented various manual and automatic fact-checking and data acquisition processes, some incorrect information may have slipped through (false positive). Let us know if you find any inconsistencies!