Canadian CANNAINVESTOR Magazine April 2017 - Page 19

Q1 – Recorded $1,420,000 CDN in revenue during the first quarter of 2016. (2015 Q1 - $35,000)

Q2 - Recorded $3,657,852 CDN in revenue during the second quarter of 2016. (Net Income $885,301) (2015 Q2 - $100,952)

Q3 - Recorded $1,235,580 CDN in revenue during the third quarter of 2016 (Gross Profit of $375,483 / net loss was $637,830) ( 2015 Q3 - $200,571 )

The significant increase in top line revenue was due to bulk sales of hemp products to Korea, POS BPC commencing operations in the second quarter of 2016 and the acquisition of CHII Hemp Industries Inc. in late 2015.

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