MJ Harvest, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended February 28, 2023
April 26, 2023 at 04:42 pm EDT
Share
MJ Harvest, Inc. reported earnings results for the third quarter and nine months ended February 28, 2023. For the third quarter, the company reported sales was USD 0.38224 million compared to USD 0.024343 million a year ago. Net loss was USD 1.51 million compared to USD 0.327285 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to USD 0.01 a year ago.
For the nine months, sales was USD 0.560754 million compared to USD 0.147395 million a year ago. Net loss was USD 3.95 million compared to USD 1.76 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 0.06 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. 
