High Sierra Technologies, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 02:41 pm
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High Sierra Technologies, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced operating loss was USD 47,225 compared to USD 19,446 a year ago. Net loss was USD 62,209 compared to USD 32,066 a year ago. For the half year, operating loss was USD 117,481 compared to USD 36,837 a year ago. Net loss was USD 146,956 compared to USD 60,279 a year ago. Basic loss per share from continuing operations was USD 0.01.
High Sierra Technologies, Inc. is focused on the business of its wholly owned subsidiary, High Sierra Technologies, Inc. (High Sierra). High Sierra originally owned two Provisional Patent Applications. The first Application describes a new and novel cannabis product that is produced by removing or significantly reducing the naturally occurring complement of volatile organic molecules from cannabis, which primarily consist of terpenes, and are collectively known as the essential oils. The second Application describes a new and novel cannabis product that is produced by further modifying a cannabis product based on the first Application containing cannabis plant material that has been previously modified by removing or significantly reducing the naturally occurring complement of volatile organic molecules, which primarily consist of terpenes, and are collectively known as the essential oils.