NetworkNewsBreaks – Grey Cloak Tech Inc. (GRCK)
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Posted On: 10/30/2020 4:03:48 PM
NetworkNewsBreaks – Grey Cloak Tech Inc. (GRCK) Announces Q3 Filing, Increased Sales and Revenue
Grey Cloak Tech (OTC: GRCK) (soon to be Healthy Extracts Inc. pending a corporate name change), a company engaged in proprietary development of natural plant-based formulations and sales and distribution of cardiovascular and neuro products, today announced the filing of its Form 10-Q for the third quarter ended Sept. 30, 2020. In addition, the company also announced its financial results for the nine months ended Sept. 30, 2020, and provided an update on the progress of its corporate strategy. Among the highlights, the company reported revenue increases of 99% to $1,140,657 and a 46% gross profit increase to $697,479 for the nine months ended Sept. 30, 2020. GRCK attributes the increases to the transition to its new business selling health nutrition products. “Nine-month results demonstrate continued momentum for the company while eliminating all toxic convertible debt,” said William Bossung, Grey Cloak’s CFO and director. “We are now debt-free, and shareholder equity has increased to over $4 million. In addition, expenses will decrease now that the acquisitions of the company’s two subsidiaries, BergaMet NA and Ultimate Brain Nutrients, are complete.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Grey Cloak Tech (OTC: GRCK) (soon to be Healthy Extracts Inc. pending a corporate name change), a company engaged in proprietary development of natural plant-based formulations and sales and distribution of cardiovascular and neuro products, today announced the filing of its Form 10-Q for the third quarter ended Sept. 30, 2020. In addition, the company also announced its financial results for the nine months ended Sept. 30, 2020, and provided an update on the progress of its corporate strategy. Among the highlights, the company reported revenue increases of 99% to $1,140,657 and a 46% gross profit increase to $697,479 for the nine months ended Sept. 30, 2020. GRCK attributes the increases to the transition to its new business selling health nutrition products. “Nine-month results demonstrate continued momentum for the company while eliminating all toxic convertible debt,” said William Bossung, Grey Cloak’s CFO and director. “We are now debt-free, and shareholder equity has increased to over $4 million. In addition, expenses will decrease now that the acquisitions of the company’s two subsidiaries, BergaMet NA and Ultimate Brain Nutrients, are complete.”
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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