Pure Harvest Cannabis Group, Inc. Announces Earnings Results for the Second Quarter Ended June 30, 2020
August 17, 2020 at 10:10 pm IST
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Pure Harvest Cannabis Group, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced operating loss was USD 4.007 million compared to USD 535,260 a year ago. Net loss was USD 4.860 million compared to USD 535,260 a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.02 a year ago. For the half year, operating loss was USD 4.569 million compared to USD 803,744 a year ago. Net loss was USD 5.488 million compared to USD 803,744 a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.03 a year ago.
Pure Harvest Corporate Group, Inc. manufactures, distributes, and sells a range of cannabis products including hemp/ cannabidiol (CBD) and marijuana/ tetrahydrocannabinol (THC) consumer products. The Company's THC product line at its Dumont dispensary includes bulk flower, pre-rolls, and THC concentrates. The Company also sells THC distillate as an ingredient or raw material to other licensed marijuana infused products manufacturers within the State of Colorado along with wholesale THC concentrates, such as wax and shatter. It operates various segments of the cannabis and hemp- CBD industries with a focus on health and wellness products and applying education, research and development, and technology to each sector. It is also involved in the acquisition and operation of licensed marijuana cultivation facilities, manufacturing facilities, and dispensaries.
PURE HARVEST CORPORATE GROUP, INC. 
