Medical Marijuana Q2 Revenue Declines 18.75% YoY, Here Are The Details

Medical Marijuana, Inc. (OTCPK:MJNA) released financial results for the quarter ending June 30, revealing net revenue of $7.8 million, a decrease of 18.75% compared to 9.6 million in Q2 2021.

Q2 2022 Financial and Operational Highlights

  • Gross profit for the period ending June 30, 2022, was $6 million.

  • Gross margins for the period were 76%.

About Medical Marijuana

Medical Marijuana, Inc. is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands led by Kannaway and HempMeds. Medical Marijuana, Inc.'s headquarters is in San Diego, California.

Photo by Mackenzie Marco on Unsplash

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