MJ Harvest, Inc. Reports Earnings Results for the Second Quarter Ended November 30, 2020
January 19, 2021 at 02:22 pm
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MJ Harvest, Inc. announced earnings results for the second quarter ended November 30, 2020. For the second quarter, the company announced sales was USD 42,307 compared to USD 67,130 a year ago. Operating loss was USD 271,381 compared to USD 315,465 a year ago. Net loss was USD 281,381 compared to USD 315,465 a year ago. Basic loss per share was USD 0.01 compared to USD 0.02 a year ago. For the half year, sales was USD 73,136 compared to USD 88,090 a year ago. Operating loss was USD 498,234 compared to USD 596,764 a year ago. Net loss was USD 512,385 compared to USD 596,764 a year ago. Basic loss per share was USD 0.02 compared to USD 0.03 a year ago.
MJ Harvest, Inc. develops, acquires, and distributes agricultural and horticultural tools and implements for sale primarily to growers and operators in the hemp and cannabis retail industry. The Company owns 100% of G4 Products LLC, (G4), which owns intellectual property for a patented manual Debudder product line marketed under the Original 420 Brand as the Debudder Bucket Lid and Edge (Debudder). The Company also owns 100% of AgroExports LLC (Agro), which serves as the domestic and international distribution arm for sales of agricultural and horticultural tools and implements. It operates a sales portal Website, www.procannagro.com, for online sales of its products. It has acquired manufacturing equipment and two cannabis licenses for a cannabis manufacturing and distribution business in Cathedral City, California, CCCA. It has also expanded its focus to include a minority investment interest in PPK Investment Group, Inc., a vertically integrated cannabis company in Oklahoma.
MJ HARVEST, INC. 