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Peak Pharma Reports Strong Growth in Fiscal Q2

Ryan Allway

May 19th, 2015

News, Top Story

[stockchart symbol=PKPH]

Peak Pharmaceuticals Inc. [stockquote symbol=PKPH], an emerging leader in the research, development, sales, and marketing of safe, hemp-based, medicinal products and supplements, recently announced fiscal second quarter financial results that included revenue of $220,932, up 36% from the previous quarter, and attractive gross margins, driven by increased sales of its Canna-Pet products.

“We are delighted by our quarterly results and are working hard to sustain the aggressive growth rate in the pet supplement market,” said Peak Pharmaceuticals Inc. CEO Soren Mogelsvang in the financial results press release. “The Canna-Pet® product line has opened a number of doors for the company and we are actively exploring new collaborations and additional marketing channels.”

All of the company’s revenue were earned from its exclusive worldwide license to the Canna-Pet™ veterinary products and brand through its online e-commerce platform and select retailers throughout the country.

“The profitability in this sector has proven quite robust and we have been undertaking a number of initiatives to test consumer interest in new products and continue to work on bringing new pet products to market,” added Dr. Mogelsvang in the same press release. “At the same time, we continue to focus on the development of our first human products, aiming at a launch later this year.

Dr. Mogelsvang looks ahead and concludes with an upbeat forecast stating, “We are fortunate to have gained expertise and data from the veterinary market, which has saved us tens of thousands of dollars in development costs and strengthened our ability to grow the business and deliver value to shareholders.”

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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