Acacia Diversified Holdings, Inc. Reports Pro-Forma Earnings Results for the Year Ended December 31, 2015
May 12, 2016 at 08:41 am EDT
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Acacia Diversified Holdings, Inc. reported pro-forma earnings results for the year ended December 31, 2015. For the year, the company reported revenue of $255,508, operating loss before other expense and income taxes of $1,544,241, loss before income taxes of $1,558,907, loss from continuing operations of $1,558,907 or $0.10 per share and net loss of $83,414 or $0.01 per share.
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. 
