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.
美国大麻公司。(OTCPK：MCOA)发布了截至2022年3月31日的第一季度财务业绩，披露收入561,321美元相比之下，2021年第一季度为34,930美元。
Q1 2022 Financial Highlights:
2022年第一季度财务亮点：
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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%，主要归因于公司的新收购 CDEADIO该公司在美国各地分销CBD和大麻产品。
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截至2022年3月31日和2021年3月31日的三个月，MCOA的毛利为51,059美元和9750美元。
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该公司的总资产增至8.1美元百万截至2022年3月31日的第一季度。
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该公司的n埃特l开放源码软件截至2022年3月31日的第一季度，降至329美元百万截至2021年3月31日的同期为366万美元。
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在截至2022年3月31日的季度里，该公司能够将运营活动中使用的现金降至678,108美元，而2021年第一季度的现金使用量为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的首席执行官，耶稣·昆特罗他说：“第一季度表明，我们将在2022年迎来一个激动人心的开局。这是我们连续第二个季度实现创纪录的收入增长。随着我们继续发展业务，我们的增长预计将在下个季度继续加快。我们还将继续积极进行多元化大麻类别的战略收购，并继续寻求在现有市场扩大规模的交易，同时继续寻找机会，继续扩大我们在美国以及巴西和乌拉圭等新兴市场的足迹。”
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继续与VBF Brands Inc.以结束资产购买协议。VBF Brands，Inc.是一家在加利福尼亚州萨利纳斯拥有多个许可证的大麻种植和分销业务。该设施提供了卓越的效率和可持续的种植技术，使种植者能够获得当地种植的高质量克隆，以更快地种植大麻作物，确保更高的产量。
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