Farmhouse, Inc Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 04:42 pm EDT
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Farmhouse, Inc reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.004134 million compared to USD 0.002649 million a year ago. Net loss was USD 0.153077 million compared to USD 0.256079 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago.
For the six months, sales was USD 0.005203 million compared to USD 0.002649 million a year ago. Net loss was USD 0.324392 million compared to USD 0.490296 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.03 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 
