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MJ Harvest, Inc.

mjharvestinc.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Apr 26, 2023. Its latest SEC filing is a REVOKED from Feb 21, 2025.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Sells Debudder products and plant nutrients to hemp and cannabis growers, and manufactures and distributes cannabis products to dispensaries.

How Did They Make Money?

The company earns money from product sales to customers on trade credit; sales are counted when products ship from its fulfillment centers or directly from manufacturers.

FY2022 revenue

Who Were Their Customers?

Cannabis products are sold wholesale primarily to dispensaries through the company’s sales teams and online store; farm tools and plant nutrients reach small and mid-sized growers and hobby farmers through online sales and distributors.

Did Revenues Turn Into Profits?

No. It lost $2.9M in FY2022.

Operating income, FY2022
−1082% of revenue
▲ +83% (Loss) vs FY2021 (−$1M, −1149%)
Net income, FY2022
−1664% of revenue
▼ −41% (Loss) vs FY2021 (−$4.9M, −5512%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q3 FY2023, the three months to Feb 28, 2023
Revenue
▲ +1470%
vs $24.3K in Q3 FY2022
Net income
▲ +363% (Loss)
vs −$327.3K in Q3 FY2022
  • May 11, 2023 Independent accountant resigned, and the company had not hired a replacement The board did not approve or recommend the resignation.
  • Nov 3, 2022 Chief financial officer resigned The CEO took on interim principal financial and accounting officer duties.

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