SHRG - Sharing Services Global Corporation (SHRG) Continues to Post Record Sales; Forecasts Continued Success Moving into New Year
- SHRG posts record Q2 revenues, cumulative sales of $169 million since launching proprietary line of products.
- CEO says record sales demonstrate that SHRG sales, support strategies are on the right path.
- Company officials believe SHRG will be able to fund working capital needs for the next year with existing cash and cash equivalents with cash provided through operations and secured and unsecured debt, including through issuance of convertible notes and short-term borrowings under financing arrangements and occasional capital transactions
In its most recent SEC filing, Sharing Services Global Corporation (OTCQB: SHRG), a diversified holdings company in the direct-selling industry, posted record Q2 revenues and cumulative sales of $169 million since the company launched its own proprietary line of products (http://nnw.fm/f6mDM). Specifically, the company reported record-breaking revenues of $38.9 million for its fiscal quarter ended October 31, 2019, more than double the $18 million revenues reported in the comparable quarter of fiscal 2019.
“Product sales for our incredible health and wellness products of Elevacity Global continue to be strong, consistently increasing each quarter,” SHRG CEO John “JT” Thatch stated in a news release...
NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://nnw.fm/SHRG
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