Editing Else Nutrition (section)

=== Financials ===
Q1 revenues were C$1.6m, up 26% versus the previous quarter, including a 40% increase in sales on Amazon.com. Management is expecting a material acceleration in Q2, and Edison forecasts full year sales of C$13.6m (management’s ambition is to build sales into the hundreds of millions over the next five years). Else is currently loss making, as it is investing in its infrastructure to develop its business and build scale. Edison notes the business is well funded, with a net cash position of C$18.6m at end March 2022 (excluding C$1.2m of restricted cash).