The Hempshire Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 29, 2023 at 04:26 pm EST
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The Hempshire Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.049208 million compared to USD 0.019833 million a year ago. Net loss was USD 0.377403 million compared to USD 0.756772 million a year ago.
For the nine months, sales was USD 0.171213 million compared to USD 0.062794 million a year ago. Net loss was USD 1.48 million compared to USD 5.48 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to USD 0.09 a year ago.
The Hempshire Group, Inc. is a Canada-based company that formulates and markets its own proprietary brand of organic hemp smokes under the MOUNTAIN Smokes brand name, including MOUNTAIN Original, Mint Squeeze, and Pineapple Squeeze. The Company's principal business activity is the production and distribution of cannabidiol (CBD) Hemp smokes. MOUNTAIN Smokes are created as a smooth and delicious smokable alternative that looks, feels, burns and smokes just like a tobacco cigarette, but contains no tobacco, no nicotine, no additives, and no preservatives. MOUNTAIN Smokes are made up of a proprietary blend of only three herbal ingredients: organic hemp, organic sage, and organic mullein. MOUNTAIN Smokes full-flower hemp smokes are manufactured using custom-designed rolling machines. The smokes are tipped with its biodegradable filters (which use soy-based inks and are made with cotton and hemp).
THE HEMPSHIRE GROUP, INC. 
