Business
Smart Cannabis Posts 2017 Annual Report Reflecting Revenue Growth of Approximately 1286% Since 2016
Smart Cannabis Posts 2017 Annual Report Reflecting Revenue Growth of Approximately 1286% Since 2016.
About this update from Smart Cannabis Corp.
[{"type":"text","content":"\n\n\n\nSmart Cannabis Posts 2017 Annual Report Reflecting Revenue Growth of Approximately 1286% Since 2016\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 Posts 2017 Annual Report Reflecting Revenue Growth of Approximately 1286% Since 2016\nPR Newswire\nSACRAMENTO, Calif., March 16, 2018\n\n\n\nSACRAMENTO, Calif., March 16, 2018 /PRNewswire/ -- Smart Cannabis Corp, (OTC: SCNA), posted their 2017 annual report to OCT Markets today. \n\n\n \n \n\n \nThe company reported 2017 revenues of approximately $3.12 million, an increase of approximately 1286% over 2016 revenues of approximately $225,000. The company increased its assets to approximately $1.3 million, an increase of approximately 270% over year-end 2016. The company ended the year with $455,000 in cash, after making investments in manufacturing equipment, increased marketing, and a one time non-cash related accounting charge for issuance of stock. The company's financial disclosure reports are available at www.otcmarkets.com.\n\nDon Smith, Executive Vice President of Smart Cannabis stated, \"John Taylor and I are very pleased with what has been accomplished in just 14 months since starting this company. We have installed over 30 automated greenhouse systems in the last year and feel strongly that our teams are ready to efficiently handle any project. We've become well-established in order to grow strongly.\" \n\nUpdates will continue to be shared on the Smart Cannabis website and social media outlets as they happen.\n\nSmart Cannabis (OTC PINK: SCNA) is a public equity corporation advancing the agriculture and cannabis industries and growing through acquisition, strategic alliances, and proprietary intellectual property. The company's wholly owned subsidiary, Next Generation Farming Inc., provides turnkey, automated, commercial greenhouses systems that efficiently improve yields and decrease water consumption for cultivators of organic food and cannabis crops. The company websites are http://smartcannabis.com and http://nextgen.farm.\n\nDisclaimer: The Company relies upon the Safe Harbor Laws of ...