Advanced Container Technologies Inc (ACTX)

[CrownCannabis]

Loss from Operations . Loss from operations decreased from $280,343 for the year ended December 31, 2015, to $70,651 for the year ended December 31, 2016, because sales increased substantially, while cost of sales and general and administrative expenses, although higher in the year ended December 31, 2016, did not increase as much as did sales and advertising costs were substantially reduced. Specifically, sales increased by $534,482 in the year ended December 31, 2016, over sales in the year ended December 31, 2015, while cost of sales increased by $259,502 general and administrative increased by$145,925 and advertising decreased by $71,637.