Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, today announced that the company and its subsidiaries Kannaway and HempMeds have booked their largest-ever sales revenue quarter in their history in Q1 2018, as well as reached major milestones in its business operations.
Medical Marijuana, Inc. Q1 2018 revenues exceeded $10.5 million, an increase of more than 190% over Q1 2017.
Total gross profits for Q1 2018 increased more than 30% as compared to Q1 2017.
Wholly-owned subsidiary Kannaway saw the most growth from Q1 2017 to Q1 2018, with Q1 2018 revenues increasing more than 325% to $7.5 million.
The company experienced many accomplishments in Q1 including launching its newest subsidiary Phyto Animal Health, which produces and distributes cannabidiol (CBD) and hemp products for companion animals; achieving registration of its Real Scientific Hemp Oil-X™ (RSHO-X™) and RSHO™-Blue Label products as medicines by Paraguay’snational health regulation organization (Dirección Nacional de Vigilancia Sanitaria); and being named a “Top Three Hemp Producer of 2018.”
“In Q1 2018, we had the best revenue quarter in the history of our Company,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus.
“We’re excited that, with the help of our investors, spokespeople and customers, we’ve experienced tremendous growth and the company is positioned well for continued explosive expansion.”
Medical Marijuana, Inc. also garnered positive news coverage in several national and international
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Youngevity Q1 Sales Up 11% To $43 Million
by Ted Nuyten • • 0 Comments
Youngevity International, Inc. (NASDAQ:YGYI), a leading omni-direct lifestyle company, today reported financial results for the first quarter ended March 31, 2018.
2018 First Quarter Highlights:
Revenues increased 11.0% over the prior year to $43.0 million
Gross Profit increased 14.4% to $25.0 million compared to the prior year
Adjusted EBITDA increased to $1.5 million compared to negative $1.2 million in the prior year
The Coffee Segment posted 39.9% revenue growth over prior year
Steve Wallach, Chairman and CEO of Youngevity stated, “We are pleased to see revenue growth for both segments in the first quarter. Our international markets are beginning to contribute more significantly to overall revenue lead by top line growth coming from Asia. We believe this overall growth is sustainable in the coming quarters.”
Dave Briskie, President and CFO of Youngevity said, “We have been focused on the fundamentals as we entered 2018. We feel we made significant progress by improving adjusted EBITDA and strengthening our balance sheet as well. The recent financing and debt conversion contributed significantly to the improvement in our Stockholders’ Equity and will help reduce borrowing costs in the coming quarters.”
FIRST QUARTER 2018 FINANCIAL RESULTS
Revenues increased 11.0% to $42,994,000 in the current period as compared to $38,733,000 for the same period last year. We
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USANA Q1 Sales Up 14.4% To $292 Million
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) announced financial results for its fiscal first quarter ended March 31, 2018.
Financial Performance
For the first quarter of 2018, net sales were $292.0 million compared with $255.3 million in the prior-year period, or a 14.4% increase year-over-year.
Favorable currency exchange rates positively impacted net sales by $16.4 million for the quarter. Targeted product promotions offered by the Company during the quarter contributed approximately $11 million to net sales and the Company’s launch of its new skincare line, Celavive, also contributed approximately $9 million in incremental sales for the quarter.
The Company’s total number of active Customers increased 1.9% year-over-year to 585,000.
The Company reported net earnings for the first quarter of $28.9 million, compared with net earnings of $21.4 million reported in the prior-year period. Earnings per diluted share increased to $1.19 per diluted share, an increase of 38.4% on a year-over-year basis.
The increase in net earnings was due primarily to higher net sales, lower relative operating expenses and a lower effective tax rate of 34.2% compared to 36% during the prior year period. Costs related to China and the Company’s internal investigation into its China operations were nominal during the first quarter of 2018 as compared to approximately $2.4 million, after tax, during the prior year period.
“We are off to a solid start to the year as
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Top Leader Daniel Feier Speaker At The European Direct Selling Congress 2018
by Ted Nuyten • • 0 Comments
Tickets can be booked here:
European Direct Selling Congress – Reservations
Danien Feier says:
“My mission is to lead people to their breakthrough point by working side by side with them and sharing all the secrets of network marketing”
I’ve been working in Network Marketing for a very long time, almost 15 years now. I’m completely dedicated to this industry, and in love with it, because it is the reason why I’m living the life I’ve always wanted.
What I do is twofold: I actively work to make my business and network grow, and I’m a network marketing coach, for people new in this field or people who feel they need a hand to help them step up and go to the next level.
I was 17 when I first became aware of the network marketing industry and when that happened I couldn’t sleep at night– I immediately felt deep inside that this was my chance.
Now I’m 31 and I’ve done many things: grown, learned a lot and improved myself, met extraordinary people, built a successful business and — most importantly — I’ve been living the life I’ve always dreamed of and which makes me happy. It might sound sentimental, but that is exactly what
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Top Leader Sven Goebel Speaker At The European Direct Selling Congress 2018
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Tickets can be booked here:
European Direct Selling Congress – Reservations
Dr. Sven Goebel looks back on almost 25 years of experience within the Network Marketing industry. He started his career as an independent business owner back in February 1992.
In 1994, he graduated as a PhD in science from the Technical University in Darmstadt, where after he “transformed” right into a passionate, full-time Network Marketing Professional after having build his business for 18 months part-time.
Today, Sven is a recognized industry leader, public speaker, coach and consultant. He functions as a role-model for Network Marketers from all over the world across all generations. He spoke to audiences all over Europe, North- & South America, Hong Kong, Japan, South Korea, Thailand, Israel, India, Australia, the Middle East, Ukraine and Russia, some of them far exceeding 10.000 attendees.
As a result of his impressive career over the past two decades, he has been featured in numerous papers, magazines, radio- and TV shows. With his own chapter in a book for the second time in his career, Sven has recently been featured in The Greatest Networkers in the World by best-selling author John Milton Fogg.
Over the past 24 years, Sven has successfully build huge organizations with 3 major Network Marketing companies:
In 1992, he
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World Global Network Reveals LineUp For 2018 At CES Las Vegas
by Ted Nuyten • • 0 Comments
This year started out right for World Technology Corp with its first-time attendance at CES in Las Vegas, the most important technology fair in the world.
World Technology Corp took the chance to unveil to the public its entire lineup for 2018, and its astonishing unveilings shocked the attendees.
Helo LX was one of the stars of the booth with its recognizable shape.
During the last year and a half, Helo LX has been one of the keystones of wearable technology, monitoring your most important bio parameters 24/7. Developed with AI and Machine Learning technologies, Helo LX has opened a new frontier with its Open API platform, where thousands of developers have started to create independent apps.
Based on the success of LX, the new Helo LX+ raises the bar of the wearable technology. With new finishings and careful attention to detail, Helo LX+ comes with a new set of clinical-grade sensors that mean a better accuracy and a deeper analysis of your raw data.
A new UV sensor has also been added, and the complete sets offer also to the developers a new way to build applications never imagined before, thanks to the Open API 2.0.
The 24/7-monitoring, real-time device now has a new flagship.
Another
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European Direct Selling Congress 18 – 20 May 2018
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“FOR DISTRIBUTORS BY DISTRIBUTORS”
In the Heart of Amsterdam (Leidseplein) – The Netherlands, in the famous DeLaMar Theater, Business For Home has invited a selection of the most powerful Leaders in Network Marketing, for two life changing days and we want you to join us.
This kind of quality training is often only available in the USA; and now for Once-In-A-Life-time, coming to Europe – The Netherlands.
It is delivered in a completely generic format. No companies or products are ever mentioned so you will feel safe to share this Business Event with your Team.
Listen, Analyze, Learn, Lunch, Inter-act and have Fun with the ultimate Experts. Discover the Trends, Learn from the Experts!
No “Hype” but facts and figures, true information and team building skills you need to develop a rock solid business.
When:
18 – 20 May 2018
Friday 18 May Informal Speakers and VIP Meeting Marriott Hotel from 20.00 – 22.00
Saturday 19 May from 9.00 to 17.00 VIP Meeting 17.30 – 19.30
Sunday 20 May from 10.00 to 18.00.
DeLaMar Theater
Amsterdam – The Netherlands
VIP and Early Bird tickets can be booked here:
European Direct Selling Congress – Tickets
Discover Direct Sales training from USA and European million dollar-earning distributors and corporate executives.
Get involved and achieve