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Posted On: 10/09/2018 2:32:33 PM
Post# of 38315
$CZNI shareholder equity $6.6M plus huge MJ news out today! >>
https://hartsburgnews.com/strong-increase-in-...ni/119013/
CRUZANI’s Balance Sheet Stockholders’ Equity has risen from $78,066 at the end of the fiscal year December 31, 2017 to $6,645,672 by June 30, 2018.
This substantial accretion was possible because the acquisition of the assets was accomplished through the issuance of a minority position in the new subsidiary to the asset vendors and $200,000 cash. The resulting net asset strength of CRUZANI’s balance sheet provides a much improved basis for future financing valuation, thus protecting UHLN shareholder interests.
As a further positive consequence of the asset acquisition, sales revenue will be reported for the first time by CRUZANI in Q3. The company anticipates over $1 Million dollars in sales on an annualized basis for the first 12 months of its Oventa Foods subsidiary operation, but has already announced its new Phase 1 Business Plan by which the company targets $25 Million in revenue upon implementation of the plan.
Phase 2 of the Business Plan expands Phase 1 objectives from the $25 Million threshold to double that figure because CRUZANI operates within a $100 Billion sector of the multi-trillion U.S. dollar food industry.
Today's News"
CRUZANI Begins Product Development with Cannabis Derivatives for Edible and Infusion Markets
https://globenewswire.com/news-release/2018/1...rkets.html
https://hartsburgnews.com/strong-increase-in-...ni/119013/
CRUZANI’s Balance Sheet Stockholders’ Equity has risen from $78,066 at the end of the fiscal year December 31, 2017 to $6,645,672 by June 30, 2018.
This substantial accretion was possible because the acquisition of the assets was accomplished through the issuance of a minority position in the new subsidiary to the asset vendors and $200,000 cash. The resulting net asset strength of CRUZANI’s balance sheet provides a much improved basis for future financing valuation, thus protecting UHLN shareholder interests.
As a further positive consequence of the asset acquisition, sales revenue will be reported for the first time by CRUZANI in Q3. The company anticipates over $1 Million dollars in sales on an annualized basis for the first 12 months of its Oventa Foods subsidiary operation, but has already announced its new Phase 1 Business Plan by which the company targets $25 Million in revenue upon implementation of the plan.
Phase 2 of the Business Plan expands Phase 1 objectives from the $25 Million threshold to double that figure because CRUZANI operates within a $100 Billion sector of the multi-trillion U.S. dollar food industry.
Today's News"
CRUZANI Begins Product Development with Cannabis Derivatives for Edible and Infusion Markets
https://globenewswire.com/news-release/2018/1...rkets.html
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