Cannabis Sativa, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022
April 18, 2023 at 05:27 pm EDT
Share
Cannabis Sativa, Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was USD 1.56 million compared to USD 1.84 million a year ago. Net loss was USD 1.13 million compared to USD 2.45 million a year ago.
Basic loss per share from continuing operations was USD 0.03 compared to USD 0.08 a year ago. Basic loss per share was USD 0.03 compared to USD 0.08 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.