Company: BUDZ
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001331
Chunk: 27

Company: WEED, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 $34,401          Income tax expense  -   399          Net Loss $(107,616 ) $(110,953 )         Other Comprehensive Income  1,112   (804 )         Comprehensive Loss $(106,504 ) $(111,757 )

Operating Loss; Net Loss

Our comprehensive net loss decreased by $5,253, from $(106,504) to $(111,757), from the three months ended June 30, 2024, compared to the three months ended June 30, 2025. Our net operating loss decreased by $50,910 from $(144,955) to $(94,045) for the same period. The decrease in our comprehensive net loss and operating loss is primarily a result of decreases in general and administrative expenses and professional fees. These changes are detailed below.

Revenue 

We have not had any revenues since our inception. Once we have sufficient funding, we plan to research and possibly enter the hemp and infused beverage industry through our newly acquired property in New York, and conduct Sangre’s Cannabis Genomic Study and process those result. In the long-term we plan to be a company focused on purchasing land and building commercial grade “Cultivation Centers” to consult, assist, manage & lease to licensed dispensary owners and organic grow operators on a contract basis, with a concentration on the legal and medical marijuana (Cannabis) sector. Our long-term plan is to become a True “Seed-to-Sale” company providing infrastructure, financial solutions and real estate options in this new emerging market, worldwide. We plan to make our brand global and therefore we will look for opportunities to conduct future research, marketing, import and exporting, and manufacturing of any proprietary products on an international level.

General and Administrative Expenses

General and administrative expenses decreased by $21,244, from $85,296 for the three months ended June 30, 2024, to $64,052 for the three months ended June 30, 2025, primarily due to decreases in our consulting services and salary.

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Professional Fees

Our professional fees decreased by $27,102 during the three months ended June 30, 2025, compared to the three months ended June 30, 2024. Our professional fees were $24,372 for the three months ended June 30, 2025, and $51,474 for the three months ended June 30, 2024