USMJ To Review Twenty-Eight Percent Revenue Growth And 2020 eCommerce Projections Tomorrow
1:08 PM ET 11/25/19 | GlobeNewswire
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USMJ To Review Twenty-Eight Percent Revenue Growth And 2020 eCommerce Projections Tomorrow
DALLAS, Nov. 25, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- North American Cannabis Holdings, Inc. (USOTC: USMJ) ("USMJ") today confirmed a quarterly financial update scheduled to be published tomorrow, Tuesday, November 26, 2019. USMJ recently published its quarterly financial report for the period ending September 30, 2019 on the OTC Markets website. The update tomorrow will review details regarding the quarterly financial report and projected 2020 growth for the company's eCommerce business introduced earlier this year.
USMJ reported twenty-eight percent (28%) revenue growth in the fiscal quarter ending September 30, 2019 compared to the same period in the previous year. The company's current annualized revenue run rate is over a million dollars reporting $287,440 for the fiscal quarter ending September 30, 2019. The company reported a net profit of twenty-two (22%) at $62,087. Management reports that much of the growth comes from USMJ's new eCommerce site, www.USMJ.com selling a variety of CBD products and cannabis essentials. Management plans to release a flurry of announcements coming soon on the expansion and evolution of USMJ's eCommerce business.
Management also indicates that it has identified a major potential opportunity presented by the prevailing cannabis sector and has accordingly initiated a plan to seize the opportunity and that shareholders can expect to hear more about the initiative before the end of the year. The update next week will preview early details about the initiative.
To learn more visit www.USMJ.com and www.GrowUSMJ.com.
