Grand Havana, Inc. Announces 103% Sequential Revenue Increase for Second Quarter of 2021
MIAMI, FL / ACCESSWIRE / September 14, 2021 / Grand Havana, Inc. (OTC PINK:GHAV), is a specialty coffee company headquartered in Miami, Florida that owns the Grand Havana Cafes. The company offers a broad array of coffee products available in supermarkets, universities and online market places, today reported financial results for the second quarter 2021.
Q2 2021 Financial Highlights
The Company reported the following financial results for the second quarter 2021:
- Second quarter 2021 product sales from our flagship Grand Havana Cafe™ consolidated sales increased more than
69% percent. - Second quarter 2021 total revenue increased more than
103% percent. - Gross profit margin increased to
69% for the second quarter of 2021, compared sequentially to65% for the first quarter of 2021 and to5.17% for the second quarter of 2021.
In addition to our revenue increase we are pleased to announce that we have completed all requirements for OTC Markets filings by submitting the 2021 Q2 financial statements, disclosures and legal opinion.
Robert Rico, CEO of Grand Havana, Inc. states, "Grand Havana is pleased to say that we are officially current with our filings. We will continue to focus on revenues and will be announcing shortly the third location of our newest Grand Havana Cafe."
About Grand Havana, Inc.
Grand Havana is a specialty coffee company headquartered in Miami, Florida offering a broad array of coffee products and services. Grand Havana's Optimum Blend is available nationwide and proudly served in our corporate owned cafes Grand Havana Cafe, Mobile Coffee Truck and other locations including universities, supermarkets, cafes, convenience stores, hotels, and online marketplaces. We also offer a b2b solution that provides our coffee product paired with high quality coffee machines, reliable delivery, and timely technical service. Grand Havana is the consumer's brand of choice for the best tasting Cuban Style Espresso.
Safe Harbor Statement: The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may, "will," "should," "plans," explores," expects," anticipates," continue," estimate," project," intend," and similar expressions. Forward-looking statements involve risks and uncertainties include, but not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and marketing, and various other factors beyond the Company's control.
For more information, visit www.Grandhavanacoffee.com, call 1.800.608.5441, or email orders@grandhavanacoffee.com Find out more about the company at www.Facebook.com/grandhavanacoffee, twitter.com/grandhavanacoffee1, or www.instagram.com/grandhavanacoffee/
CONTACT:
Robert Rico
Tel. 305-283-9237
SOURCE: Grand Havana, Inc.
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