Leading Brands (LBIX) Swings to Q1 Loss

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Leading Brands, Inc. Announces Q1 Results

July 10, 2015 8:30 AM EDT

VANCOUVER, British Columbia, July 10, 2015 (GLOBE NEWSWIRE) -- Leading Brands, Inc. (NASDAQ: LBIX), North America's only fully integrated healthy branded beverage company, announces results for its first quarter of fiscal 2015, which ended May 31, 2015. All financial amounts are denominated in Canadian dollars, with all financial figures rounded to the nearest $000.

Sales of the Company's Neurogenesis HappyWater® brand rose a remarkable 108%, over the same quarter last year.

During Q1 we incurred extraordinary costs related to the mandate of our investment banker and our annual general meeting. We are satisfied that we thoroughly reviewed, considered... More