Month: May 2022

LAS VEGAS, May 19, 2022 (GLOBE NEWSWIRE) — Alkame Holdings, Inc. (OTC PINK: ALKM), provides an operational update and releases results for the first quarter ended March 31,2022. We continue to work hard in building our company and have made significant achievements in the first quarter of 2022. We made crucial changes by implementing a new strategic direction to our operational model. We no longer purchase our clients supplies and ingredients, which had put a strain on our cash flow. We now no longer act as a “bank’ and financier for our customers. This year we began working with our clients on the sourcing and procurement of the needed materials and ingredients, enabling our customers to build long term relationships with the vendors and suppliers for their products. This new model has narrowed the required bandwidth needed to...

Strong demand and an upward trend in prices to industrial customers Key figures from the interim financial statementsProfit before unrealised financial items amounted to USD 82.5 million, compared to USD 50.1 million for the same period of the prior year, an increase by 64.5%. The profit for the period was USD 115.2 million, compared to USD 31 million for the same period of the prior year. Operating revenues amounted to USD 164.8 million, increasing by USD 34.1 million (26.1%) from the same period of the prior year. Net debt decreased by USD 110 million from the beginning of the year and amounted to USD 1,390.9 million at the end of March. Cash flow from operations amounted to USD 131 million, which is an increase of 53.4% compared to the same period of the prior year. The average price to industrial customers excluding transmission...

NEW YORK, May 19, 2022 (GLOBE NEWSWIRE) — 1847 Holdings LLC (OTCQB: EFSH) (“1847 Holdings”), a publicly traded holding company platform that combines the attractive attributes of private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced financial results for its first quarter ended March 31, 2022. Q1 HighlightsGenerated $12.1 million revenue, up 153% compared to Q1 2021 Declared second quarterly cash dividend in March 2022“An important component of the vision for 1847 Holdings is to share our success with our shareholders, and I am extremely pleased our continued performance has empowered us to declare our second quarterly cash dividend in March,” commented Ellery W. Roberts, CEO of 1847 Holdings. “With conditional approval to list our shares on the NYSE American...

SAN DIEGO, CA, May 19, 2022 (GLOBE NEWSWIRE) — via NewMediaWire  – Medical Marijuana, Inc. (OTC: MJNA) (the “Company”), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands, and supply chain, announced today its financial results for the quarter ending March 31, 2022, and provided an overview of recent operational highlights. First Quarter 2022 Financial and Operational HighlightsGenerated $7.8 million in net revenue in the first quarter of 2022, a 24% increase when compared to the previous quarter; Net Cash Provided by Operating Activities was $.6 million, a substantial increase from the previous quarter; Gross profit for the period ending March 31, 2022, was $5.7 million with gross margins of 73%; Cash at the end of the...