Acacia Diversified Holdings, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
June 26, 2020 at 11:15 am EDT
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Acacia Diversified Holdings, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was USD 519,221 compared to USD 415,051 a year ago. Operating loss was USD 996,411 compared to USD 1.419 million a year ago. Net loss was USD 1.588 million compared to USD 1.712 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.09 a year ago.
Acacia Diversified Holdings, Inc. is a diversified holding company. The Company focuses on conducting its business operations through its subsidiaries, such as MariJ Pharmaceuticals, Inc. (MariJ), and Canna-Cures Research & Development Center, Inc., in which it focuses on including the operations of the MariJ Agricultural and Canna-Cures entities. MariJ focuses on the extraction and processing of high-cannabidiol (CBD)/low-tetrahydrocannabinol (THC) content medical grade cannabis oils from medical cannabis plants. MariJ has a mobile cannabis oil processing and extraction unit designed into a heavy-duty vehicle. The unit is engaged in the extractions and processing of medical organic hemp into oils at various sites, and is developing additional contracts for services. The Company, through Canna-Cures Research & Development Center, Inc., focuses on research and development activities, as well as retail and wholesale distribution of medical cannabis products and dietary supplements.
ACACIA DIVERSIFIED HOLDINGS, INC. 
