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