Mj Harvest, Inc. Reports Earnings Results for the Second Quarter Ended November 30, 2019
January 21, 2020 at 01:11 pm
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MJ Harvest, Inc. announced earnings results for the second quarter ended November 30, 2019. For the second quarter, the company announced sales was USD 67,130 compared to USD 17,328 a year ago. Operating loss was USD 315,465 compared to USD 238,386 a year ago. Net loss was USD 315,465 compared to USD 242,381 a year ago. Basic loss per share was USD 0.02 compared to USD 0.01 a year ago. For the half year, sales was USD 88,090 compared to USD 35,714 a year ago. Operating loss was USD 596,764 compared to USD 375,876 a year ago. Net loss was USD 596,764 compared to USD 381,606 a year ago. Basic loss per share was USD 0.03 compared to USD 0.02 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. 
