SACRAMENTO, Calif., April 20, 2017 /PRNewswire/ -- Zerez Holdings Corporation, (OTC PINK: ZRZH) marked the annual 420 celebration with the early-release of its first quarter 2017 earnings report. The company reported gross revenues for the period January 1 through March 31, 2017 of $544,467; an astounding 148% increase over its fourth quarter 2016. Net profits for the period were $281,650, or 51.7% net profit, before allowance for income taxes.
According to Zerez President John Taylor, "We have now posted back to back quarters that show exponential revenue and bottom line profits. I do not believe any other company in the cannabis and organic agriculture marketplace has ever shown results like this in less than 180 days while self-financing company growth. The second quarter looks very strong and we are confident we will surpass our first quarter performance and just keep on going."
Zerez Vice President Don Smith added, "We are astounded by how the word continues to organically spread about our company. If any investor, analyst, or media channel does not know who Zerez and Next Gen are, they will soon. We look forward to the pending approval of our proposed name change to SMART Cannabis, Inc., which will more accurately represent the company's current target market. Undoubtedly, it will improve our visibility and leadership among the industry-leading cannabis technology companies."
Zerez subsidiary, Next Generation Farming Inc., recently established its own key-component manufacturing line and has successfully delivered, and installed, truckloads of greenhouses from those operations. John Taylor commented, "Our primary frustration is locating reliable suppliers that can deliver components on time. We have taken this task into our own hands by collaborating with outside resourcing to place hundreds of thousands of dollars in orders, made to our own unique specifications, while maintaining a reduced cost factor bettering any of our competitor's pricing. We pioneered this strategy several years ago in our hydroponics operations; as a result, we have a solid working relationship in place that we are confident will enable us to keep up with our sales pipeline."
About Zerez Holdings:
Zerez Holdings Corporation, (OTC PINK: ZRZH) 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 greenhouses 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 and http://nextgen.farm.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such 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 public announcements.
Zerez Holdings Corporation
Don Smith, Vice President
SOURCE Zerez Holdings Corporation