Welcome to the Daily Picks! Where Uptick staff looks for new companies to feature, giving readers the opportunity to find new possibilities for their investment portfolios.
OLNCF: Omni-Lite Industries Canada Inc.
For the nine months ended September 30, 2016 Omni-Lite Industries Canada Inc. (the “Company” or “Omni-Lite”) is pleased to report revenue of $5,768,520 US and cash flow from operations(1) of $1,855,315 US. In the first nine months of 2016, gross margin increased to 61.4 percent from 59.8 percent in the same period last year.
Revenue in the three month period ended September 30, 2015 was $2,173,388 US, an increase of 9% over the same period last year. Cash flow from operations(1) was $908,908 US, an increase of 44% over the same period in 2015. Adjusted EBITDA(1) over the period was $906,537 US, an increase of 30%. Net income in the third quarter was $505,223 US, an increase of 36% over 2015. Earnings per share in Q3 2016 were $0.05 US, an increase of 48% over the third quarter of 2015.
MJNA: Medical Marijuana, Inc.
Medical Marijuana, Inc.’s HempMeds(R) Mexico to Participate in Mexico Senate’s Historic “Hemp for All” Exhibition
Medical Marijuana, Inc. (OTC PINK: MJNA) announced today that its portfolio company HempMeds® Mexico, the first and only company dedicated to the cannabis industry with approval from COFEPRIS to legally import one of its products, will be present at the Senate of Mexico’s historic exhibition “Hemp for All,” being held from Oct. 24-28 on the second floor terrace of the commissions tower in the Senate.
HempMeds® Mexico‘s hemp oil Real Scientific Hemp Oil-X™ (RSHO-X™) is the only product that has been legally imported to Mexico and that according to recent studies has demonstrated effectiveness in treating refractory epilepsy in Mexican patients.
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