Weed, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 15, 2019 at 02:54 am IST
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WEED, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced operating loss was USD 7.170 million compared to USD 9.380 million a year ago. Net loss was USD 7.172 million compared to USD 9.387 million a year ago. Basic loss per share was USD 0.07 compared to USD 0.09 a year ago. For the half year, operating loss was USD 18.305 million compared to USD 13.755 million a year ago. Net loss was USD 18.309 million compared to USD 14.823 million a year ago. Basic loss per share was USD 0.17 compared to USD 0.15 a year ago.
WEED, Inc. is engaged in the business involving the purchase of land and building commercial grade cultivation centers to consult, assist, manage and lease to licensed dispensary owners and organic grow operators on a contract basis, with a concentration on the legal and medical marijuana sector. The Company and its subsidiaries are focused on various business opportunities in the cannabis and hemp field, including, but not limited to both indoor and outdoor grows, cultivations and harvest for research, product development, processing and manufacturing of both Pharma and non-Pharma products, services, therapeutics, and treatments on a global basis for both the medical cannabis and hemp global market space. The Company, through its subsidiary, Sangre AT, LLC, doing business as Sangre AgroTech, is engaged in genomic sequencing, genetics-based breeding, plant tissue culture, and plant biochemistry. Its other subsidiaries include WEED Israel Cannabis Ltd, WEED Australia Ltd, and others.
WEED, INC. 
