marijuana stocks news

The MaryJane Group, Inc. Announces Financial Results for Quarter Ended July 31, 2015

The MaryJane Group, Inc. (OTC Pink: MJMJ) announced financial results for the three month period ended July 31, 2015. The Company’s revenue for the quarter ended July 31, 2015 totaled $237,020 compared to $112,939 in the comparable period in 2014 representing an increase of 110%. In addition, gross revenue increased 25% from the quarter ended April 30, 2015. Cost of revenue as a percentage of sales for the three months ended July 31, 2015 was 73% compared to 77% for the three months ended July 31, 2014. The reduction of gross profit was a direct result of the initial costs related to the startup of the Hotel San Ayre, offset in part by increased revenue at the Company’s other two properties.

Joel C. Schneider, President and CEO of The MaryJane Group, Inc. stated, “We are satisfied with our operating results for the quarter ended July 31, 2015. We believe our results would have been better had we not invested time and money into Cannacamp, which unfortunately never materialized. Our revenue increased month over month, and with The Hotel San Ayre fully operational, we believe our revenue will continue to increase significantly during this current quarter and into the future. Lastly, we continue to believe in the Cannacamp concept and are pursuing possible properties to host Cannacamp for 2016.”

About The MaryJane Group, Inc.

The MaryJane Group is the preeminent hospitality group in the canna-lifestyle hospitality sector, committed to strengthening the recreational cannabis industry through a unique brand portfolio and trusted partnerships. The Company currently provides cannabis-friendly lodging and events at its three Bud and Breakfast locations. Reservations for all locations can be made online atwww.budandbfast.com or by calling the following numbers. The Bud + Breakfast at The Adagio is located at 1430 Race Street, Denver, Colorado; phone (303) 370-6911. The Bud + Breakfast at The Mountain Vista is located at 358 Lagoon Lane, Silverthorne, Colorado; phone (970) 368-6757. The Hotel San Ayre a Bud + Breakfast property is located at 3320 West Colorado Avenue, Colorado Springs, Colorado; phone (719) 632-4355.

Corporate offices are located at 910 16th Street, Denver, CO 80202; phone (303) 853-8603. For more information, please visit the Company’s websites at www.themaryjanegrp.com andwww.budandbfast.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities of The MaryJane Group, Inc. Certain statements in this release and other written or oral statements made by or on behalf of the Company are “forward looking statements” within the meaning of the federal securities laws. Statements regarding future acquisitions and business development, the upcoming name change approval and new trading symbol, and the business opportunity in the recreational marijuana industry in the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company’s services and the Company’s continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.

Contact:
The MaryJane Group, Inc.
Joel C. Schneider, 303-835-8603
President and CEO
joel@themaryjanegrp.com

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

$IMLFF Qualifies for Electronic Trading in the U.S.

InMed Pharmaceuticals Qualifies for Electronic Trading in the U.S. — Company Now…

$MCIG Reports Positive Operating Cash Flow

mCig(R), Inc. Reports Positive Operating Cash Flow 240% Increase in Quarterly Revenue…

TILT Holdings Inc. (TLLTF) Subsidiary Commonwealth Alternative Care Approved for Adult-Use License in Brockton, Massachusetts

TILT Holdings’ Subsidiary Commonwealth Alternative Care Approved for Adult-Use License in Brockton,…

$XXII to Present at 28th Annual ROTH Investor Conference

22nd Century Group to Present at 28th Annual ROTH Investor Conference 22nd…