Blue Line Protection Group, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 18, 2019 at 04:48 pm
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Blue Line Protection Group, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 1.047 million compared to USD 955,142 a year ago. Operating loss was USD 58,777 compared to USD 409,704 a year ago. Net loss was USD 450,841 compared to USD 586,366 a year ago. For the nine months, sales was USD 3.019 million compared to USD 3.152 million a year ago. Operating loss was USD 298,968 compared to USD 654,589 a year ago. Net loss was USD 1.383 million compared to USD 419,132 a year ago.
Blue Line Protection Group, Inc. provides armed protection and transportation, currency processing and training, and compliance services for businesses engaged in the legal cannabis industry. The Company provides logistics, and compliance services for businesses engaged in the legal cannabis industry. The Company offers asset logistic services, such as armed transportation service, including shipment protection, money escorts, asset vaulting, financial services, such as handling transportation and storage of currency; training; and compliance services. It offers a fully integrated approach to managing the movement of cannabis and cash from growers through dispensaries via armed and armored transport, currency processing, vaulting and related credit. It supplies asset protection via armored transportation and currency processing services to licensees in Colorado, Arizona, Nevada, and New Mexico, out of its two business locations.