Cannlabs, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Expenditures Guidance for the Full Year of 2015
November 14, 2014 at 03:02 pm
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CannLabs, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $43,624. Loss before other expense was $1,100,143. Net loss attributable to common stockholders was $457,388. Basic and diluted loss per common share was $0.01. EBITDA was $570,000. Adjusted EBITDA was $130,000.
For the nine months, the company reported revenue of $856,117. Loss before other expense was $1,558,590. et loss attributable to common stockholders was $821,397. Basic and diluted loss per common share was $0.01. EBITDA was $659,000. Adjusted EBITDA was $213,000.
In 2015, capital expenditures are expected to increase.
CannLabs, Inc. is a diversified holding company. The Company is a provider of cannabis and hemp/cannabidiol (CBD) laboratory testing services in Texas. The Company, through its subsidiary, Transcend Growth Ventures, helps enable and optimize operations to develop workflows, implement software and establish procedures for cannabis businesses. Through Noble Realm Games, it is engaged in the gaming and entertainment business. Through Color Blind USA, Inc., the Company is engaged in four sectors, such as manufacturing, apparel, music and video game design. Through U-World Global Technology Inc., the Company has access to a fleet of vessels and can charter vessels for virtually any type and size of bulk oil voyage. The Company, through Crionx LLC., provides professional engineering and technical management services focused on technology-enabled business solutions. The Company, through Black Eyed Distilling Co., is engaged in the distillery business.
Cannlabs, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Expenditures Guidance for the Full Year of 2015
CANNLABS, INC. 
