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For the three months ended 31 March 2021, Medical Marijuana Inc revenues decreased 33% to $8.9M. Net income totaled $3.8M vs. loss of $90.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Gain/(Loss) on Investments increase from $90.6M (expense) to $3.2M (income), Sales & Marketing decrease of 44% to $3.4M (expense).
Period Ending: | Mar 31, 2021 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 |
---|---|---|---|---|
Total Revenue | 8.92 | 10.99 | 13.35 | 16.93 |
Gross Profit | 6.75 | 8.75 | 11.19 | 13.22 |
Operating Income | -0.08 | -1.27 | -0.07 | 2.99 |
Net Income | 3.78 | 9.7 | -90.78 | 92.71 |
Period Ending: | Mar 31, 2021 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 |
---|---|---|---|---|
Total Assets | 88.71 | 99.85 | 88.77 | 179.7 |
Total Liabilities | 15.23 | 22.33 | 22.53 | 23.27 |
Total Equity | 73.48 | 77.53 | 66.23 | 156.44 |
Period Ending: | Mar 31, 2021 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 |
---|---|---|---|---|
Period Length: | 3 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | 2.35 | -82.51 | -91.65 | 86.86 |
Cash From Investing Activities | -5.17 | 79.12 | 90.19 | -82.91 |
Cash From Financing Activities | 2.02 | 2.13 | 0.22 | -2.44 |
Net Change in Cash | -0.81 | -1.25 | -1.24 | 1.51 |
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