Yes they are, and their revenues are trending right along with industry predictions of doubling year over year up to 2020.
Their revenues increased over 130% from $1.710 million in 2014 (up 32% from 2013) to $4.013 million in 2015.
Their gross margin also doubled and they also invested from profits an additional $510,000 into inventory and maintained over $200,000 cash in the bank.
Current assets $4.131 million
Current liabilities $1.265 million
Shareholder equity $2.810 million
2.298 million float
This trend should put them well over $100 million a year in revenues by 2020.
Very strong company here in a necessity sector in the marijuana industry. Not to mention one of the first in this sector and a long term addition to my portfolio.
Awesome you are in the mmj industry. How long have you been in it?
Their revenues increased over 130% from $1.710 million in 2014 (up 32% from 2013) to $4.013 million in 2015.
Their gross margin also doubled and they also invested from profits an additional $510,000 into inventory and maintained over $200,000 cash in the bank.
Current assets $4.131 million
Current liabilities $1.265 million
Shareholder equity $2.810 million
2.298 million float
This trend should put them well over $100 million a year in revenues by 2020.
Very strong company here in a necessity sector in the marijuana industry. Not to mention one of the first in this sector and a long term addition to my portfolio.
Awesome you are in the mmj industry. How long have you been in it?
Sobek is a non-professional individual investor who may own, not own, buy, or sell stock at any given time in any security ever mentioned in posts. I never accept compensation in any form to post. Always consult an investment professional when investing.
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