Farmhouse, Inc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 25, 2023 at 01:41 am IST
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Farmhouse, Inc reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.005503 million compared to USD 0.004974 million a year ago. Net loss was USD 0.116358 million compared to USD 0.025068 million a year ago. Basic loss per share from continuing operations was USD 0.01.
For the nine months, sales was USD 0.010707 million compared to USD 0.007623 million a year ago. Net loss was USD 0.44075 million compared to USD 0.515364 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.03 a year ago.
Farmhouse, Inc. is a holding company. The Company operates as a technology company with multiple cannabis-related divisions and intellectual property (IP), including the WeedClub Platform, the @420 Twitter handle, and a Web3 division. The WeedClub Platform is a cannabis social network platform that enables industry professionals to connect, discover products and services, and scale their businesses. Within the WeedClub Platform, members utilize a set of technology-based tools for discovering professional connections and information. Its @420 brand and @420 Twitter serve as influential properties that enable the Company to connect, promote and advocate for the industry. Its Non-Fungible Token (NFT) division explores how cannabis brands can connect with the metaverse through NFTs. The Web3 division (Vault) connects cannabis brands with licensing opportunities with influential digital collectible holders and communities to develop new brands that appeal to digitally native consumers.
FARMHOUSE, INC 