Advanced Container Technologies Inc (ACTX)

[CrownCannabis]

Sales : Our sales for the year ended December 31, 2016, were $1,975,923, from which we earned a gross profit of $1,497,216. Our sales for the year ended December 31, 2015, were $1,441,441, from which we earned a gross profit of $1,213,236. The principal reason for the increase in sales and gross profit from the earlier to the later period was increased sales volume due to our increased marketing efforts. However, our cost of sales for the year ended December 31, 2016, as compared with our cost of sales for the year ended December 31, 2015, increased more than proportionally than did our sales for the year ended December 31, 2016, as compared with our sales for the year ended December 31, 2015, because we had a lower profit margin on our new products.

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