Acology Inc (OTCMKTS:ACOL) filed its 10-Q, which displays firm’s continued strength and health. The company has lessened its advertising and operational costs while continuing to advance. Net profits have surged YoY and the remarkable growth in first quarter continues unchanged. This year is expected to establish new records for profitability.
The debt continues to lessen and no new debt have been obtained and none are contemplated. New product sales now comprise for 25% of total revenue and are increasing month to month.
Curt Fairbrother, the CEO of Acology, reported that in answer to the different inquiries that they have received from their stockholders about their plans for improving international and national marketing profile, they are now assured that they can extend spending and continue to enhance overall international position. In addition, the revenue pace continues to surpass their expectations, the production capacity continues to handle growth and the inventory levels are good.
Acquisition discussions with EZ Health Solutions, comprising the ownership of intellectual resources, continues and their preparations to establish a new CBD-Infused Health Products segment has gained momentum. Acology CEO reported that there has been remarkable interest in the industry about their strategies to expand. They are extremely excited about their current situation and positive about the imminent period.
Acology has recorded considerable success with its endeavors and have sustained as it continued to develop and evolve. Fairbrother expressed his gratitude for shareholders’ constant confidence and support. Sales or investors information can be accessed on company’s site or by phone.
The production and distribution facility is based in California. Acology is listed on the OTC marketplace under the ticker ACOL. The company has different online sites for its businesses of the hospice and palliative care market, as well as for the medical and recreational marijuana industry. Orders for products can be placed online or by phone.