Dogecoin Cash, Inc., formerly known as Cannabis Sativa, Inc., reported a significant decline in financial performance for the fiscal year ending December 31, 2024. The company generated revenue of $802,704, a decrease of 32% from $1,173,830 in the previous year. The cost of revenues also saw a decline, totaling $310,620, which represented a 22% reduction compared to $400,746 in 2023. Despite the drop in revenue, the gross profit margin remained relatively stable at 61%, down from 66% the previous year. The net loss from continuing operations improved to $(682,471) from $(855,852) in 2023, indicating a 20% reduction in losses.
The company has undergone several strategic changes, including a name change to Dogecoin Cash, Inc., which is currently under review by FINRA. This rebranding aligns with the company's focus on integrating cryptocurrency capabilities into its operations. In November 2024, Dogecoin Cash, Inc. signed an agreement to acquire 600 million Dogecoin Cash tokens in exchange for 4.5 million shares of preferred stock, marking a significant step towards enhancing its market position in the digital asset space. The company plans to explore operational use cases for these tokens, including potential payments integration and investment diversification.
Operationally, Dogecoin Cash, Inc. has focused on expanding its telemedicine business through its subsidiary PrestoCorp, which provides online access to medical marijuana recommendations. The platform has registered over 100,000 users and is currently operational in multiple states, with plans for further geographic expansion. The company aims to leverage its telemedicine platform to drive growth while also exploring opportunities in brand development and product marketing within the cannabis and CBD sectors. However, the company has faced challenges in capital availability, which has delayed the rollout of its product lines.
As of March 3, 2025, Dogecoin Cash, Inc. had no full-time employees, relying instead on independent contractors and a small team at PrestoCorp. The company has indicated that it will continue to seek acquisitions and partnerships that align with its strategic goals, particularly in the cannabis industry. The management remains optimistic about the future, citing trends such as increased demand for high-quality cannabis products and the potential for regulatory changes that could benefit the industry.
Looking ahead, Dogecoin Cash, Inc. plans to prioritize the expansion of its telemedicine services while integrating digital assets into its business model. The company is also evaluating opportunities for licensing and marketing cannabis-related products, with a focus on building brand awareness in states where cannabis is legal. However, the company acknowledges the risks associated with market volatility and regulatory uncertainties in the cryptocurrency space, which could impact its financial performance and operational strategies.
About Dogecoin Cash, Inc.
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