Acacia Diversified Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 09, 2019 at 08:25 am
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Acacia Diversified Holdings, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was USD 140,724 compared to USD 12,671 a year ago. Operating loss was USD 271,168 compared to USD 510,647 a year ago. Net loss was USD 509,914 compared to USD 530,495 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.03 a year ago. For the half year, sales was USD 304,229 compared to USD 104,585 a year ago. Operating loss was USD 475,051 compared to USD 931,910 a year ago. Net loss was USD 707,939 compared to USD 963,285 a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.06 a year ago.
Acacia Diversified Holdings, Inc. is a diversified holding company. The Company focuses on conducting its business operations through its subsidiaries, such as MariJ Pharmaceuticals, Inc. (MariJ), and Canna-Cures Research & Development Center, Inc., in which it focuses on including the operations of the MariJ Agricultural and Canna-Cures entities. MariJ focuses on the extraction and processing of high-cannabidiol (CBD)/low-tetrahydrocannabinol (THC) content medical grade cannabis oils from medical cannabis plants. MariJ has a mobile cannabis oil processing and extraction unit designed into a heavy-duty vehicle. The unit is engaged in the extractions and processing of medical organic hemp into oils at various sites, and is developing additional contracts for services. The Company, through Canna-Cures Research & Development Center, Inc., focuses on research and development activities, as well as retail and wholesale distribution of medical cannabis products and dietary supplements.
ACACIA DIVERSIFIED HOLDINGS, INC. 
