Mj Harvest, Inc. Reports Earnings Results for the Full Year Ended May 31, 2020
September 14, 2020 at 07:49 pm
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MJ Harvest, Inc. announced earnings results for the full year ended May 31, 2020. For the full year, the company announced sales was USD 327,891 compared to USD 72,654 a year ago. Operating loss was USD 1.963 million compared to USD 956,541 a year ago. Net loss was USD 1.963 million compared to USD 962,271 a year ago. Basic loss per share was USD 0.1 compared to USD 0.05 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. 
