April 4th, 2023
The annual report for BLDV for Fiscal Year 2022 has been filed with the OTC Markets. The business continues to make progress as demonstrated by our year over year increase in both revenues and operating profit margin.
Our annual report reflects the continued commitment to excellence from our operating entities as evidenced by the near doubling of revenues from last fiscal year and significant increase in operating profit. The team that has been assembled at BLDV, to lead this next phase, has grown over the last year. We have made significant strides in achieving our business objectives.
Improved offerings: We have achieved impressive sales growth across all product categories, with particular success in sales related to educational efforts in the cannabis space. Our entire team’s efforts and our continued investment in marketing and branding have been integral to this success.
Cost optimization: We have implemented several cost optimization initiatives that have contributed to our bottom line. By streamlining our operations and optimizing our supply chain, we have improved our operating profit margin.
Recent Acquisitions: In August of 2022 we made a strategic acquisition that expanded our capabilities and helped us to better serve our customers. The acquisition of ICS Consulting Service LLC, has enabled us to increase our product offerings, and bolster our footprint in emerging and mature cannabis markets
We have ambitious plans for the future of BLDV and our focus will be on continuing to expand our product offerings, improving our customer experience, and continuing to optimize our operations. During the last 12 months the core systems have been developed that will support Blue Diamond and its operating entities and allow for greater transparency for the shareholders.
2023 marks a renewed commitment to our Four Strategic Pillars with particular emphasis on Strengthening the Business Model and Enhancing Investor Appeal In conclusion, I want to express my gratitude to our shareholders for their continued support. Our team remains focused on our mission of providing high-quality products and services to our customers and delivering value to our shareholders.
Yale Peebles – Chief Executive Officer, Blue Diamond Ventures Inc.
Disclosure Regarding Forward-Looking Statements:
Please note that this report may contain forward-looking statements. These statements are based on our current expectations and projections and involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in these statements. We undertake no obligation to update any forward-looking statements.