USMJ Announces First Profitable QTR Reporting $530
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Posted On: 05/18/2017 8:56:55 AM
USMJ Announces First Profitable QTR Reporting $530K YTD Sales With QTRLY Revenue up 41% and Gross Profit up 53%
May. 18, 2017 8:30 AM
DALLAS, May 18, 2017 /PRNewswire/ --
North American Cannabis Holdings, Inc. (USMJ) has published an online on demand earnings presentation reviewing the Company's third quarter financial report. In addition to a review of the most recent financial results, the report includes details about the pending transaction with American Cannabis Innovations Conglomerated with specific mention that USMJ stock will remain listed on the OTC Markets and will not be subject to a reverse split. The report also includes details about the next developments for the AmeriCanna Cafe, and the American Seed & Oil Company.
USMJ Q3 2017 Financial Performance Executive Summary
North American Cannabis Holdings' ('USMJ') fiscal year end is June 30th. USMJ just released its third quarter financial report for the period ending March 31, 2017. Management is pleased to report year-to-date sales for the three quarters ending March 31, 2017 of $530,000. The revenue for the first three quarters of 2017 exceeds the total revenue of $515,000 reported for the entire year of 2016. The 2017 year-to-date gross profit of $292,000 also exceeds the total gross profit of $276,000 for the entire year of 2016. The revenue for the first three quarters of 2017 is up 40% over the revenue for the first three quarters of 2016. The 2017 third quarter revenue of $205,000 is up 41% over the 2016 third quarter revenue of $145,000. The 2017 third quarter gross profit of $117,000 is up 53% over the 2016 third quarter gross profit of $41,000. Notably, USMJ posted its first profit since entering the cannabis sector in 2013. The profit of $7,000 is small, but nevertheless a substantial milestone lending credibility to the Company's long-term viability.
Learn More About USMJ: growusmj.com
May. 18, 2017 8:30 AM
DALLAS, May 18, 2017 /PRNewswire/ --
North American Cannabis Holdings, Inc. (USMJ) has published an online on demand earnings presentation reviewing the Company's third quarter financial report. In addition to a review of the most recent financial results, the report includes details about the pending transaction with American Cannabis Innovations Conglomerated with specific mention that USMJ stock will remain listed on the OTC Markets and will not be subject to a reverse split. The report also includes details about the next developments for the AmeriCanna Cafe, and the American Seed & Oil Company.
USMJ Q3 2017 Financial Performance Executive Summary
North American Cannabis Holdings' ('USMJ') fiscal year end is June 30th. USMJ just released its third quarter financial report for the period ending March 31, 2017. Management is pleased to report year-to-date sales for the three quarters ending March 31, 2017 of $530,000. The revenue for the first three quarters of 2017 exceeds the total revenue of $515,000 reported for the entire year of 2016. The 2017 year-to-date gross profit of $292,000 also exceeds the total gross profit of $276,000 for the entire year of 2016. The revenue for the first three quarters of 2017 is up 40% over the revenue for the first three quarters of 2016. The 2017 third quarter revenue of $205,000 is up 41% over the 2016 third quarter revenue of $145,000. The 2017 third quarter gross profit of $117,000 is up 53% over the 2016 third quarter gross profit of $41,000. Notably, USMJ posted its first profit since entering the cannabis sector in 2013. The profit of $7,000 is small, but nevertheless a substantial milestone lending credibility to the Company's long-term viability.
Learn More About USMJ: growusmj.com
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