Cannagistics Inc (PK:CNGT)
Business Focus: Ground Freight & Logistics
| Sector: Industrials | Industry: Ground Freight & Logistics |
| Company Contact | |
| Address: | 150 Motor Parkway, Suite 401 HAUPPAUGE NY 11788 |
| Tel: | N/A |
| Website: | https://cannagistics.io |
| IR: | See website |
| Key People | ||
| James W. Zimbler Vice President of Operations, Compliance | ||
| Business Overview |
| Cannagistics, Inc. operates both general and specialty third party logistics (3PLs) with a focus on supply chain management, reverse logistics, warehousing, and transportation, and developing industry-specific technology platforms. Global3PL is its general commodities operation, with warehouses in Canada and the United States that provide monthly and just-in-time inventory, pick and ship, custom house brokerage, as well as international freight forwarding, expedited and deferred air, local, regional, and North American consumer household pickup and delivery, less-than-truckload (LTL), truckload (TL). Its technology platforms provide a turnkey onramp for access and services worldwide for growers, processors, and buyers to tap into the worldwide cannabis marketplace. It serves both the cannabis and general commodities industries with just in time inventory, ground, air, and ocean freight transport, international freight forwarding, and custom house brokerage. |
| Financial Overview |
| For the nine months ended 30 April 2022, Cannagistics Inc revenues was not reported. Net loss increased 3% to $1.8M. Higher net loss reflects Consulting increase from $88K to $699K (expense), Interest expense increase from $421K to $1M (expense), Settlement Fees increase of 92% to $48K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.01. |
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