High Sierra Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
December 16, 2023 at 03:49 am IST
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High Sierra Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net loss was USD 0.094486 million compared to USD 0.052408 million a year ago.
For the nine months, net loss was USD 0.285414 million compared to USD 0.218382 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
High Sierra Technologies, Inc. is focused on the business of its wholly owned subsidiary, High Sierra Technologies, Inc. (High Sierra). High Sierra originally owned two Provisional Patent Applications. The first Application describes a new and novel cannabis product that is produced by removing or significantly reducing the naturally occurring complement of volatile organic molecules from cannabis, which primarily consist of terpenes, and are collectively known as the essential oils. The second Application describes a new and novel cannabis product that is produced by further modifying a cannabis product based on the first Application containing cannabis plant material that has been previously modified by removing or significantly reducing the naturally occurring complement of volatile organic molecules, which primarily consist of terpenes, and are collectively known as the essential oils.