LAS VEGAS–(BUSINESS WIRE)–Dakshidin Corporation (DKSC) announced today financial results for its fiscal 2019, third quarter. Dakshidin Corporation quarterly financials continue to exceed the expectations of management. We continue to generate revenues from our CBD operations. The financials keep getting strong and sales growth is accelerating.
Our plans with Whitechapel is to achieve and sustain profitability through a suite of product sales, licensing of technologies, “white label” products, and contract services as part of a broader objective to develop a complete, value-driven and vertically integrated business organization which will become the premier “seed-to-sale” cannabis-based medical product company in the market.
Spending on legal cannabis worldwide is expected to hit $57 billion by 2027 and in North America, sales are projected to rise from $9.2 billion in 2017 to $47.3 billion by 2027, according to Arcview Market Research.
About Dakshidin Corporation (DKSC) and Whitechapel Holdings
Whitechapel Holdings and Dakshidin Corporation has positioned itself as an innovator in the emerging CBD and cannabis-derived products and services industry. The company is driven by three pillars of thought that guide the development of the business:
- Cannabis prohibition is approaching its inevitable end;
- Cannabis & CBD are conventional products used by a broad spectrum of consumers;
- Trusted brands will be the future of the cannabis industry.
The information in this press release includes certain “forward-looking” statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward- looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.