Business
Smart Cannabis Corp Posts 3rd Quarter Earnings Delivering Four Consecutive Quarters of Growth and Profits
Smart Cannabis Corp Posts 3rd Quarter Earnings Delivering Four Consecutive Quarters of Growth and Profits.
About this update from Smart Cannabis Corp.
[{"type":"text","content":"\n\n\n\nSmart Cannabis Corp Posts 3rd Quarter Earnings Delivering Four Consecutive Quarters of Growth and Profits\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSmart Cannabis Corp Posts 3rd Quarter Earnings Delivering Four Consecutive Quarters of Growth and Profits\nPR Newswire\nSACRAMENTO, Calif., Nov. 15, 2017\n\n\n\nSACRAMENTO, Calif., Nov. 15, 2017 /PRNewswire/ -- Smart Cannabis Corp, (OTC PINK: SCNA), http://smartcannabis.com today filed its third quarter 2017 financial reports with OTCMARKETS reporting $701,903 in gross revenue. The company's gross margin remained above 50%, and net operating income before allowance for taxes was $137,305.\n\n\n \n \n\n \nJohn Taylor, President of Smart Cannabis Corp, stated, \"We are encouraged that our commitment to operating with excellence is resulting in positive financial outcomes. Our fourth consecutive quarter of growth in this explosive sector demonstrates that our SMART™ greenhouse design and automation systems represent best in class design, functionality and value, evidenced by customer results and our growing pipeline of large scale projects we are winning in the marketplace. The decision to manufacture many of our components in-house, and to create our own SMARTAPP™ mobile control system, has resulted in unprecedented remote automation, faster deployment times, and of course, a highly profitable company that support our clients as they thrive.\"\n\nAccording to Vice President Don Smith, \"Our plan of investing in marketing resources just before FINRA approved our name and symbol change is paying off. We are experiencing greater interest in Smart Cannabis Corp and have budgeted to continue executing a robust public relations and marketing strategy.\"\n\nSmart Cannabis remains ranked among the top five in The Marijuana Index Agtech sector, number one being Scotts Miracle-GRO, a $5.7 billion company. Smart Cannabis Corps' market value is approximately $217 million with YTD revenues of more than $3 million and profits of 1.4 million. Comparatively, other bellwether cannabis sector companies, including Medica...