Connect with us

Business

ManifestSeven Holdings Corp (OTCMKTS: MNFSF) Executes Integrated B2B, and B2C Business Model Drives to Support California’s Cannabis Market

Published

on

Today, the Cannabis industry is all about connections. There are so many touchpoints, including manufactures, suppliers, retailers, and distributors. ManifestSeven Holdings Corp (OTCMKTS: MNFSF) quickly integrates these touchpoints into a unified state-wide platform as it pushes through support for cannabis enterprises and consumers. 

ManifestSeven (M7) is not shaken because it reported decreased consolidated revenue of $3.8 million in its Q1 2021 compared to the $4.1 million for the same prior-year period. In addition, a disruption in one of the company’s third-party e-commerce distribution channels caused extended delays in products’ delivery time, resulting in declined revenues. This also occasioned declined consolidated gross profit from $1.3 million last year to $1.3 million in Q1 2021. 

Nonetheless, the company’s gross profit margin stayed somewhat steady at 30% for the fiscal first quarter. Besides, it aggressively moves forward to drive shareholder value and develop a differentiated platform of brands and assets.

M7’s Greater Market Share vs. Increased Demand for a Complete Suite of Business Solutions

ManifestSeven is keen on bringing affirmative changes to the cannabis industry. It is also widening access to its comprehensive suite of products and solutions to businesses and consumers. The primary focus is on enhancing its infrastructure to support anticipated growth in regulated areas of California’s cannabis market, which is maturing by day. 

M7’s CEO Sturges Karban explains that their single-minded focus for 2021 is to push its B2B and B2C cannabis superhighway to support the increasing demand for efficient and reliable cannabis distribution and delivery in California. Meanwhile, the company is also focusing on executing core strategic initiatives and actively evaluating acquisitions and strategic partnerships. 

“2021 and beyond presents an opportunity for M7 to capture even greater market share and as we recognize increased demand for seamless and compliant distribution and retail operations….” Karban added

In other news, M7’s Board of Directors has appointed Scott Wessler as its Chairman. In contrast, Dilshad Kasmani has been promoted to serve as President and his current role as Chief Legal Officer. Kasman takes over from Urban Smedeby, who stepped down from President.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.

FEATURED STORIES

Business19 hours ago

The Green Organic Dutchman Holdings (OTC: TGODF) Releases an Update on its Canadian Securities Exchange Listing

Post Views: 4 The Green Organic Dutchman Holdings (OTC: TGODF) is a top producer of organically-grown, premium certified marijuana, and it...

Business19 hours ago

Next Green Wave Holdings Inc (OTCMKTS: NXGWF) Announces the Resignation of One of Its Directors

Post Views: 55 Next Green Wave Holdings Inc (OTCMKTS: NXGWF) recently announced that a Director had resigned from this position. The...

Business20 hours ago

AFC Gamma Inc (NASDAQ: AFCG) Increases Quarterly Dividend by 13.2% per Share, and the Group Expands its Senior Secured Credit Facility with Devi Holdings, Inc. by $30 Million

Post Views: 26 AFC Gamma Inc (NASDAQ: AFCG) recently announced a dividend for the quarter ending September 30, 2021. The...

Business20 hours ago

TerrAscend Corp (OTCMKTS: TRSSF) Acquisition of Gage Cannabis Receives Pre-Qualification Approval

Post Views: 53 TerrAscend Corp (OTCMKTS: TRSSF) is a leading cannabis operator based in North America that recently announced it had...

Business2 days ago

Jushi Holdings Inc (OTCMKTS: JUSHF) Opens 15th Store in Pennsylvania, Acquires Nature’s Remedy, and Announced Launch of Flower Brands

Post Views: 2 Jushi Holdings Inc (OTCMKTS: JUSHF), through its subsidiary, Franklin Bioscience – SE LLC. BEYOND / HELLO™ Colwyn...

Business2 days ago

FinCanna Capital Corp (OTCMKTS: FNNZF) Set to launch its “Big Fish” Cannabis-Based Edibles Brand

Post Views: 3 FinCanna Capital Corp (OTCMKTS: FNNZF) is an investment corporation for the United States licensed cannabis market that recently...