Weed, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 15, 2019 at 03:53 am IST
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WEED, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced operating loss was USD 6.186 million compared to USD 7.476 million a year ago. Net loss was USD 6.290 million compared to USD 7.327 million a year ago. Basic loss per share was USD 0.06 compared to USD 0.07 a year ago. For the nine months, operating loss was USD 24.492 million compared to USD 21.231 million a year ago. Net loss was USD 24.599 million compared to USD 22.150 million a year ago. Basic loss per share was USD 0.23 compared to USD 0.22 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. 
