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01/23/15 4:23 AM
01/23/15 8:51 AM
RENO, NV--(Marketwired - Jan 22, 2015) - INTERACTIVE HEALTH NETWORK (OTC PINK: IGRW), a diversified holding company operating in the legal cannabis industry and advanced health supplements markets is pleased to provide its shareholders with an update on its initial sales for the quarter ending December 31, 2014.
Sales for the three months ending December 31, 2014 will be in the range of $350,000-400,000. This range is in line with company expectations with its managed services for the legal medical marijuana market providing the majority of sales revenue. Revenue for the quarter was the highest in the company's short history providing for a strong foundation for continued top line revenue growth in 2015.
"We are very pleased with our execution over the past twelve months. Revenue is increasing in line with our strategic plans and we expect our existing operations to result in over two million dollars in revenue in calendar year 2015 based on existing managed service agreements, continued hydroponic supply sales and health supplement product revenue streams. We continue to evaluate options to leverage our strong foundation to expedite revenue expansion through acquisitions and core operational growth," stated Fred Schiemann, CEO.
The Company remains fully committed to all of its core operating markets, including the legal sectors of the medical marijuana market. There has been a significant shift in the acceptance of legal medical marijuana market focused companies in the public sector, which may result in additional opportunities for growth and expansion for IGRW during 2015.
