Cannabis Sativa, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 17, 2021 at 01:36 pm EDT
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Cannabis Sativa, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 557,323 compared to USD 493,140 a year ago. Operating loss was USD 634,715 compared to USD 672,775 a year ago. Net loss was USD 419,990 compared to USD 616,407 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.03 a year ago.
Cannabis Sativa, Inc. is engaged in telehealth through its 51% owned subsidiary and the licensing of cannabis-related intellectual property (IP), marketing and branding for cannabis-based products and services, operation of cannabis-related technology services, and ancillary business activities. It operates through various subsidiaries, including PrestoCorp, Inc. (PrestoCorp), Wild Earth Naturals, Inc., Kubby Patent and Licenses Limited Liability Company, Hi Brands, International, Inc., Eden Holdings LLC, and iBudtender, Inc., GK Manufacturing and Packaging, Inc. PrestoCorp offers an online telemedicine platform providing customer access to knowledgeable physicians to obtain a medical marijuana recommendation. PrestoCorp uses video conferencing technology to provide a safe and confidential forum for the doctor patient interview in accordance with state regulations governing issuance of medical marijuana cards. It offers services in California, Nevada, New York, Missouri, and Oklahoma.
CANNABIS SATIVA, INC. 
