Company: BUDZ
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000820
Chunk: 49

Company: WEED, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 $(440,455 ) $(170,652 )         Other Comprehensive Income   75   17          Comprehensive Loss $(440,380 ) $(170,635 )

Operating Loss; Net Loss

Our comprehensive net loss increased by $269,745, from $(170,635) to $(440,380), from the three months ended March 31, 2024, compared to the three months ended March 31, 2025. Our net operating loss increased by $267,248 from $(170,053) to $(437,301) for the same period. The increase in our comprehensive net loss and operating loss is primarily a result of increases 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 increased by $246,703, from $136,565 for the three months ended March 31, 2024, to $383,268 for the three months ended March 31, 2025, primarily due to increases in our consulting services and salary.

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Professional Fees

Our professional fees increased by $20,644 during the three months ended March 31, 2025, compared to the three months ended March 31, 2024. Our professional fees were $45,847 for the three months ended March 31, 2025, and $25,203 for the three months ended March 31, 2024. These fees are largely related to fees paid for legal and accounting services, along with compensation to independent contractors. We expect these