Farmhouse, Inc Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 23, 2021 at 04:26 pm EDT
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Farmhouse Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 546 compared to USD 2,940 a year ago. Operating loss was USD 244,682 compared to USD 115,801 a year ago. Net loss was USD 256,167 compared to USD 127,559 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.01 a year ago. For the half year, total revenue was USD 11,896 compared to USD 2,940 a year ago. Operating loss was USD 374,100 compared to USD 275,657 a year ago. Net loss was USD 393,492 compared to USD 314,011 a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.02 a year ago.
Farmhouse, Inc. is a holding company. The Company operates as a technology company with multiple cannabis-related divisions and intellectual property (IP), including the WeedClub Platform, the @420 Twitter handle, and a Web3 division. The WeedClub Platform is a cannabis social network platform that enables industry professionals to connect, discover products and services, and scale their businesses. Within the WeedClub Platform, members utilize a set of technology-based tools for discovering professional connections and information. Its @420 brand and @420 Twitter serve as influential properties that enable the Company to connect, promote and advocate for the industry. Its Non-Fungible Token (NFT) division explores how cannabis brands can connect with the metaverse through NFTs. The Web3 division (Vault) connects cannabis brands with licensing opportunities with influential digital collectible holders and communities to develop new brands that appeal to digitally native consumers.
FARMHOUSE, INC 
