Connect with us

Business

Profile Solutions Inc (OTCMKTS:PSIQ)’s Wholly Owned Subsidiary Helps It Earn 1500% Rise In Cannabinoid Revenue

Published

on

Profile Solutions Inc (OTCMKTS:PSIQ)’s wholly owned subsidiary, Elite Products International, Inc registered record-breaking growth in its sales thereby helping the parent company achieve $455, 570 revenues since inception. The announcement reported that the revenues for January-February 2018 were $142, 618.72 which were 1500% more as compared to the revenues of $9617.57 achieved during the same period last year.

The Chief Executive Officer of the company, Dan Oran said, “We’re very proud of the accomplishments we’ve made over the past 2 years working tirelessly to develop a tremendous line of quality CBD products including gummies, cookies, honey, pain cream, multi-vitamins, tinctures and pet pain.”Oran further added that the company’s focus in 2018 is to keep on working on new products, however; the main priority is generating revenues.

Profile Poised For Explosive Growth

He stated that the company’s 2018 product line was recently showcased at the Champs Trade Show at the Las Vegas Convention Center organized between February 19 and 21, 2018. The products were embraced, accepted and purchased at the show and the company is poised for explosive growth this year as it is trying out new and unique marketing strategies and embracing new opportunities with growth potential having ability to provide strong returns to the shareholders, said Oran.

The Champs Trade Shows have been an effort towards bringing the counterculture industry under one canopy since last eighteen years. With the growth in cannabinoid market, the shows have also experienced continuous evolution. Known for hosting premier exhibitors in the business and attracting industry retailers, consumers as well as leaders in huge number from across the globe, Champs Shows always attract Inventors and manufacturers regularly to display and launch their latest and the most advanced products. And this year, products of Profile were not only welcomed but received a tremendous response at the Show.

Profile Aims To Make Revenue Generation A Priority        

According to the CEO of Profile, the company moved into this year with the sole aim of prioritizing revenue generation and increasing its share in its new line of Cannabidiol (CBD) products in the industry that is continuously growing but is still in its embryonic state. Oran said that they are encouraged by the response the company’s product line and business strategies are getting.

Trading Symbol

OTC: MJMD

The Next Big Global Cannabis Trade




FEATURED STORIES

Business18 hours ago

Is New Age Beverages Corp (NASDAQ:NBEV) Setting Up for Some Interest From Above?

New Age Beverages Corp (NASDAQ:NBEV) is, as we see it, a very logical possibility for some kind of strategic interest,...

Business1 day ago

Why Aurora Cannabis Inc (OTCMKTS:ACBFF) is Set to Benefit from the Narrow US Market

Aurora Cannabis Inc (OTCMKTS:ACBFF) continues to be the top dog in the cannabis space as we see it. Capacity will...

Business2 days ago

Will Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) Evolve From Prey to Predator?

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) has an extremely strong balance sheet at this point, with cash levels at $261.8M...

Business2 days ago

A Giant Step for OrganiGram Holdings Inc (OTCMKTS:OGRMF)?

OrganiGram Holdings Inc (OTCMKTS:OGRMF) has been one of the more impressive growth stories, moving from a $200-300M name to a...

Business2 days ago

Is CV Sciences Inc (OTCMKTS:CVSI) Back on Track?

CV Sciences Inc (OTCMKTS:CVSI) is possibly beginning to show some renewed signs of life following a period of heavy doubt...

Business3 days ago

Why Canopy Growth Corp (NYSE:CGC) Will Be “Special” During the Pullback

Canopy Growth Corp (NYSE:CGC), like many other recent high-flying stocks in the cannabis space, will be confronting the big day...

PROFILES3 days ago

California cannabis stocks take off after new July 1 regulations

Stocks jump as much as 105% in 30 days…and still rising! Undervalued Chemesis International Inc. (OTC: CADMF / CSE: CSI)...

Business3 days ago

How to Understand the Breakout in Growlife Inc (OTCMKTS:PHOT) Shares

Among the pot stocks on the move this week, one shouldn’t overlook the impressive action in Growlife Inc (OTCMKTS:PHOT). This...

MARKETS3 days ago

Aurora Cannabis Inc (OTCMKTS:ACBFF) Should be on the Pullback Buy List

To say that Aurora Cannabis Inc (OTCMKTS:ACBFF) is one of the leaders in the cannabis space is a bit of...

Business4 days ago

Can PotNetwork Holdings Inc (OTCMKTS:POTN) Recapture the Magic?

PotNetwork Holdings Inc (OTCMKTS:POTN) was a stock that had grasped the imagination of traders everywhere late last year and early...

Create a future where the human body can repair, restore, and rejuvenate itself

 

Trading Symbol

OTC: MJMD

The Next Big Global Cannabis Play