First Foods Group, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 13, 2021 at 03:30 pm
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First Foods Group, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 247,541 compared to USD 24,711 a year ago. Operating loss was USD 356,482 compared to USD 432,917 a year ago. Net loss was USD 819,968 compared to USD 584,695 a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.03 a year ago. For the half year, total revenue was USD 289,879 compared to USD 121,685 a year ago. Operating loss was USD 668,773 compared to USD 1.362 million a year ago. Net loss was USD 1.291 million compared to USD 1.653 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.08 a year ago.
First Foods Group, Inc. is focused on developing its specialty chocolate product line through its Holy Cacao subsidiary, participating in merchant cash advances (MCAs) through its Foods Funding Division. Holy Cacao is engaged in producing, packaging, distributing and selling specialty chocolate products, including specialty chocolate products infused with a hemp-based ingredient. Holy Cacao holds four trademarks for the brands, The Edibles Cult, Purely Irresistible, Mystere and Southeast Edibles. The Company has developed approximately 23 recipes for its specialty chocolate product line. It markets its specialty chocolate product line on a full-time basis through multiple distribution and sales agreements, as well as through multiple industry-specific trade shows, through its on-line Website presence, and through its ongoing collaboration with a diverse team of industry consultants who specialize in media relations, public relations, and investor relations.
FIRST FOODS GROUP, INC. 
