SACRAMENTO, Calif., Aug. 14, 2017 /PRNewswire/ -- Zerez Holdings Corporation, (OTC PINK: ZRZH), DBA Smart Cannabis, http://smartcannabis.com today filed its second quarter 2017 quarterly reports with OTCMARKETS. The company reported $2,041,557 in gross revenue, about a 275% increase over first quarter revenues of $544,467. The company's gross margin increased to approximately 57%, and net operating income before allowance for taxes was $1,056,686 partially attributed to the company's lean overhead and just in time manufacturing business model.
John Taylor, President of Zerez Corporation, stated, "This is our third consecutive quarter of growth in both revenues and profits. We have proven that our SMART™ greenhouse design and automation systems represent best in class design, functionality and value, evidenced by customer results and our growing pipeline of large scale projects we are winning in the marketplace. The decision to manufacture many of our components in house, and to create our own SMARTAPP™ mobile control system has resulted in unprecedented remote automation, faster deployment times, and of course, a highly profitable company that our clients can be sure will be with them as their business needs grow."
According to Vice President Don Smith, "Our focus has been to ramp revenue and operations rather over the last quarter. Now, we are focusing on our marketing awareness to increase shareholder value. The company filed a DBA (doing business as) SMART CANNABIS, launched a completely new internet presence, and is adding resources to advertising and public appearances. Personally, John Taylor and I have strategically planned and worked for eight years to capitalize on this vast business opportunity, and we intend to be one of the most sought after bellweather company investments in the organic farming, cannabis, and agritech business sectors. This is indeed a success story that must and will be told."
Zerez, DBA Smart Cannabis was recently ranked #2 in The Marijuana Index Agtech sector, outranked only by #1 Scotts Miracle-GRO, a $5.7 Billion company. Zerez Holdings DBA Smart Cannabis market value is approximately $207 million with YTD revenues of $2.3 million and profits of $1.4 million. Comparatively, other bellweather cannabis sector companies, include Medical Marijuana Inc., valued at approximately $263 million, reporting 2016 revenues of $8 million and a $26 million loss; Cannabis Science, valued at approximately $107 million, reporting 2016 revenues of $9,000 and a $9.9 million loss; and Greengro Technologies, valued at approximately $23 million, reporting 2016 revenues of $918,000 and a $2.8 million loss.
About Zerez Holdings Corporation, DBA Smart Cannabis
Zerez Holdings Corporation, (OTC PINK: ZRZH) DBA Smart Cannabis is a public equity corporation focused on the advanced agriculture and cannabis industries with plans to grow through acquisition, strategic alliances, and proprietary intellectual property. The company's wholly owned subsidiary Next Generation Farming Inc. provides turnkey commercial SMART greenhouse and automation systems that improve yields and decrease water consumption for cultivators of organic food and cannabis crops. The company's websites are http://zerezholdings.com, http://nextgen.farm and http://smartcannabis.com.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. The company may make statements, which are not historical facts, and may be forward-looking statements. Company management may make forward-looking public statements concerning its expected future operations, performance and other developments. Any forward-looking statements reflect the company's best judgment based upon current information. All investments involve risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of forward-looking statements. It is impossible to identify all factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's press releases and announcements.
Contact: Zerez Holdings Corporation, Don Smith, Vice President, (424) 732-7646 email: email@example.com
View original content with multimedia:http://www.prnewswire.com/news-releases/zerez-holdings-corporation-dba-smart-cannabis-exceeds-2-million-in-2nd-quarter-revenue-approximately-a-275-increase-in-both-revenues-and-profits-300504071.html
SOURCE Zerez Holdings Corporation