HempTech (OTCP:HTCO) has announced it has achieved growth in corporate performance and sales in 2016 and materialized in the first quarter of 2017.
As quoted in the press release:
As it was announced previously, for beginning 2017, the Company had accumulated close to $12M in prospective sales pipeline. The sales pipeline included prospects for the grow.droid I, the tent based automated grow system, the grow.droid II, container based intelligent automated grow system and Company’s GrowCOMM, turnkey consulting and management services for large scale grow facilities, spanning across the United States and Canada.
As of April 2017, we have had major success in growing and closing part of our sales pipeline on the grow.droid II, grow container based intelligent automated grow system. While we are working on our full year audited financials for the year ended March 31, 2016, these are summary Highlights for the fourth quarter 2016 (when we started selling our products) and what we expect for first quarter 2017;
Fourth quarter 2016 and Year-end 2016
- We have sold two grow.droid I grow tents, one grow.droid II grow containers and one GrowCOMM consulting services for a combined revenue of $205,000.
First quarter 2017 (estimated based on verified sales pipeline and customer verification which may change)
- We expect to sell up to 26 “grow.droid II” grow containers for a combined estimated revenue of $3M,
- Two “grow.droid I” for a combined estimated revenue of $75,000,
- Two contracts on “GrowCOMM” turnkey consulting services for a combined estimated revenue of $3.5M.