What is a pro forma financial statement?
"In Ralph Estes's Dictionary of Accounting (MIT, Cambridge, 1981, p. 105), a pro forma financial statement is defined as "a financial statement prepared on the basis of some assumed events and transactions that have not yet occurred."" (like a merger or acquisition)
"Pro forma financial statements could be designed to reflect a proposed change, such as a merger or acquisition,"
In the SK pro forma statement ended June 30, 2013, there is "Patient Medicine Revenue $753,991." SK is raking in the dough.
Aloha, shorts.
NEWS:
MIAMI, FL -- (Marketwired) -- 08/27/13 -- SK3 Group, Inc. (PINKSHEETS: SKTO) ("the Company") has announced that its licensed products are seeing wide distribution across California. As of July 2013, the Company's recipes and brands can be found in over 58 medical cannabis dispensaries throughout California. Some of these products include Yak Whole Plant Extract Capsules in Indica, Sativa and High CBD, which contain the non-psychoactive cannabinoid cannabidiol, Yak Haute Chocolate instant chocolate drink, Yak Mocha-Juana instant chocolate & coffee drink, Yak Greenie Whole Plant Extract Cookie, Yeti Premium Preroll for powerful pain relief which contains high-quality cannabis flowers impregnated with potent Red Diamond oil, and Organakoil whole plant extract which is used for the "Simpson Treatment." The Company is undertaking strategies to ensure that the number of retail points selling these licensed products continues to grow aggressively in the coming months.
A. Mayer, President SK3 Group, said, " Mass distribution in the States that are now selling medical cannabis is the key to the growth of the company, and ultimately the revenue, and we feel we are making great strides toward that end."
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