NetworkNewsBreaks – Generation Alpha, Inc. (GNAL
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Posted On: 11/13/2018 4:09:15 PM
NetworkNewsBreaks – Generation Alpha, Inc. (GNAL) Highlights Third Quarter 2018 Operating Results
Vertically integrated cannabis technology company Generation Alpha, Inc. (OTCQB: GNAL) this morning announced its operating results for the three and nine months ended September 30, 2018. Among the highlights from the nine-month period, Generation Alpha reported $2.6 million in revenue from its lighting and nutrient offerings, as well as a cash balance of $2.1 million. The company also reported “substantial progress” with the construction of its Arizona facility, which is expected to commence processing revenue in early 2019. “We are happy with the progress being made at our 70,000 square foot Arizona facility. With manufacturing targeted to commence in early 2019, we are excited to soon move into the revenue generation stage,” Alan Lien, CEO of Generation Alpha, stated in the news release. “While our lighting business has seen a significant decrease this year, we are beginning to see an increase in demand for our lighting and nutrient products as the industry begins to stabilize and additional legalized states come on board.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Vertically integrated cannabis technology company Generation Alpha, Inc. (OTCQB: GNAL) this morning announced its operating results for the three and nine months ended September 30, 2018. Among the highlights from the nine-month period, Generation Alpha reported $2.6 million in revenue from its lighting and nutrient offerings, as well as a cash balance of $2.1 million. The company also reported “substantial progress” with the construction of its Arizona facility, which is expected to commence processing revenue in early 2019. “We are happy with the progress being made at our 70,000 square foot Arizona facility. With manufacturing targeted to commence in early 2019, we are excited to soon move into the revenue generation stage,” Alan Lien, CEO of Generation Alpha, stated in the news release. “While our lighting business has seen a significant decrease this year, we are beginning to see an increase in demand for our lighting and nutrient products as the industry begins to stabilize and additional legalized states come on board.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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