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Business Summary: CaliPharms Inc is a developmental stage acquisition company. The Company is focused on acquiring, merging, and joint venturing with legally permitted fully operational marijuana-cannabis businesses. The Company is seeking acquisitions in medical marijuana-cannabis cultivation. The Company focuses on the medical-grade marijuana-cannabis within the State of California. The Company is also expanding into other sectors that support the legalized marijuana industry.
Financial Summary: BRIEF: For the nine months ended 30 September 2014, Calipharms Inc revenues increased from $0K to $112K. Net loss increased from $108K to $6.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects General and administrative expenses increase from $108K to $248K (expense), Interest expense - other increase from $0K to $5K (expense).