Mj Harvest, Inc. Reports Earnings Results for the Third Quarter Ended February 29, 2020
May 28, 2020 at 01:07 pm EDT
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MJ Harvest, Inc. announced earnings results for the third quarter ended February 29, 2020. For the third quarter, the company announced sales was USD 30,003 compared to USD 31,584 a year ago. Operating loss was USD 203,217 compared to USD 182,746 a year ago. Net loss was USD 203,217 compared to USD 182,746 a year ago. Basic loss per share was USD 0.01 compared to USD 0.01 a year ago. For the nine months, sales was USD 118,094 compared to USD 67,298 a year ago. Operating loss was USD 799,981 compared to USD 558,622 a year ago. Net loss was USD 799,981 compared to USD 564,352 a year ago. Basic loss per share was USD 0.04 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. 
