Farmhouse, Inc Announces Earnings Results for the First Quarter Ended March 31, 2021
May 18, 2021 at 05:52 pm
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Farmhouse Inc. announced earnings results for the first quarter ended March 31, 2021. For the three months ended March 31, 2021, the Company generated revenues of $11,350 compared to no revenues in the comparable prior year quarter. Overall, for the three months ended March 31, 2021, the Company reported a net loss of $137,325, or $0.01 per share, compared to a net loss of $186,452, or $0.01 per share, for the three months ended March 31, 2020.
Farmhouse, Inc. is a holding company. The Company operates as a technology company with multiple cannabis-related divisions and intellectual property (IP), including the WeedClub Platform, the @420 Twitter handle, and a Web3 division. The WeedClub Platform is a cannabis social network platform that enables industry professionals to connect, discover products and services, and scale their businesses. Within the WeedClub Platform, members utilize a set of technology-based tools for discovering professional connections and information. Its @420 brand and @420 Twitter serve as influential properties that enable the Company to connect, promote and advocate for the industry. Its Non-Fungible Token (NFT) division explores how cannabis brands can connect with the metaverse through NFTs. The Web3 division (Vault) connects cannabis brands with licensing opportunities with influential digital collectible holders and communities to develop new brands that appeal to digitally native consumers.
FARMHOUSE, INC 
