Ubiquitech Software Corp (OTCMKTS:UBQU)’s operating subsidiary HempLifeToday.com recently announced the financial results for First Quarter 2018. Through the operations of the subsidiary that is dedicated to providing hemp-based products, UBQU managed to gain revenue of $1,025,894 and a net income of $151,870 for the first quarter of this year.
James Ballas, the CEO of UBQU said that they are happy with the continuous growth and strength of the company and are looking forward to increasing the revenues as well as the earnings through the hemp-based CannazALL brand. The company aims to establish itself as a lead provider of such products and gain a significant amount of share in the growing CBD marketplace.
According to Ballas, the company has made significant investments to ensure the growth of current business offerings and for the development of future revenue streams. Ballas speculated that they are all excited about the idea of what UBQU can realize once these initiatives go forward.
Hemp-based products and cryptocurrency market are the two highly evolving multi-billion dollar industries today. And since UBQU has understood the significance of these two fields it has established two subsidiaries HempLifeToday and CryptoBuy.com. The software dynamic multi-media corporation makes use of the state-of-the-art global internet marketing and other mediums of marketing such as DirectResponse (DRTV) Television, Internet Content, traditional marketing, Radio for promoting its subsidiaries and driving traffic to their sites.
UBQU Adds New CBD Gummies To Its Product Line
A few weeks ago, the Las Vegas-based American Corporation announced that its subsidiary HempLifeToday will now add new CBD Gummies to its existing line of CannazALL CBD product line. The subsidiary is known for promoting the importance of CBD oil derived from Hemp plant and through its network has tried to stress on how the use of this oil can contribute to enriching health and life.
The aim of the company is to check and promote the lucrative edibles market that offers a variety of hemp products including CBD hemp products. The addition of new CBD Gummies will be the first new addition to the product line of UBQU in 2018.