American Cannabis Company, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 22, 2022 at 01:29 pm
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American Cannabis Company, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 4.74 million compared to USD 0.619979 million a year ago. Net loss was USD 0.170803 million compared to USD 0.368652 million a year ago.
For the six months, revenue was USD 5.36 million compared to USD 0.945958 million a year ago. Net loss was USD 0.692978 million compared to USD 0.490549 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
American Cannabis Company, Inc. provides advisory and consulting services specific to cannabis industry, design industry-specific products and facilities, and manage a strategic group partnership, which offers both exclusive and non-exclusive customer products commonly used in the industry. The Company operates through four divisions, consulting and professional services; the sale of products and equipment commonly utilized in the cultivation, processing, transportation or retail sale of cannabis; and its licensed owner operator medical marijuana dispensaries and cultivation facilities located in Colorado Springs, Colorado under the trade name Naturaleaf. Its service offerings include cannabis business planning, cannabis business license applications, cultivation build-out oversight services, compliance audit services and cannabis business monitoring. Its product offerings include The Satchel, SoHum Living Soil, High Density Cultivation System and The Cultivation Cube.