Marijuana Company Of America Revenue In Q1 2022 Grows 1507% YoY, Here Is How
Marijuana Company Of America Revenue In Q1 2022 Grows 1507% YoY, Here Is How
Marijuana Company of America, Inc. (OTCPK:MCOA) released financial results for the first quarter ended March 31, 2022, revealing revenue of $561,321 compared to $34,930 in Q1 2021.
美國大麻公司。(OTCPK：MCOA)發佈了截至2022年3月31日的第一季度財務業績，披露收入561,321美元相比之下，2021年第一季度為34,930美元。
Q1 2022 Financial Highlights:
2022年第一季度財務亮點：
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Revenue increase of $526,391 or 1,507% is primarily attributed to the company's new acquisition cDistro which distributes CBD and hemp products throughout the USA.
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For the three months ended March 31, 2022, and 2021, MCOA's gross profit was $51,059 and $9,750, respectively.
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The company's total assets increased to $8.1 million as of the first quarter ended March 31, 2022.
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The company's net loss for the Q1 ended March 31, 2022, decreased to $3,29 million from $3.66 million for the same period ended March 31, 2021.
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The company was able to lower cash used in operating activities to $678,108 for the quarter ended March 31, 2022, compared to $962,359 used for the first quarter of 2021.
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收入增加526,391美元或1,507%，主要歸因於公司的新收購 CDEADIO該公司在美國各地分銷CBD和大麻產品。
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截至2022年3月31日和2021年3月31日的三個月，MCOA的毛利為51,059美元和9750美元。
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該公司的總資產增至8.1美元百萬截至2022年3月31日的第一季度。
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該公司的n埃特l開放源碼軟件截至2022年3月31日的第一季度，降至329美元百萬截至2021年3月31日的同期為366萬美元。
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在截至2022年3月31日的季度裏，該公司能夠將運營活動中使用的現金降至678,108美元，而2021年第一季度的現金使用量為962,359美元。
MCOA's CEO, Jesus Quintero, stated, "This first quarter demonstrates that we are off to an exciting start of 2022. This represents our second consecutive quarter with record revenue growth. Our growth is expected to continue to accelerate into the next quarter as we continue to grow our business. We also remain active in strategic acquisitions that fall into diversified cannabis categories and continue to pursue deals to build scale in our existing markets while continuing to look at opportunities that continue to grow our national footprint in the U.S., as well as in emerging markets such as Brazil and Uruguay."
MCOA的首席執行官，耶穌·昆特羅他説：“第一季度表明，我們將在2022年迎來一個激動人心的開局。這是我們連續第二個季度實現創紀錄的收入增長。隨着我們繼續發展業務，我們的增長預計將在下個季度繼續加快。我們還將繼續積極進行多元化大麻類別的戰略收購，並繼續尋求在現有市場擴大規模的交易，同時繼續尋找機會，繼續擴大我們在美國以及巴西和烏拉圭等新興市場的足跡。”
MCOA continues the process of working with VBF Brands Inc. to close the asset purchase agreement. VBF Brands, Inc. is a multi-licensed cannabis cultivation and distribution operation in Salinas, California. The facility provides superior efficiency and sustainable cultivation techniques that allow growers to access locally grown, high-quality clones to grow cannabis crops faster, ensuring greater yields.
MCOA繼續與VBF Brands Inc.以結束資產購買協議。VBF Brands，Inc.是一家在加利福尼亞州薩利納斯擁有多個許可證的大麻種植和分銷業務。該設施提供了卓越的效率和可持續的種植技術，使種植者能夠獲得當地種植的高質量克隆，以更快地種植大麻作物，確保更高的產量。
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譯文內容由第三人軟體翻譯。