Today shortly after the opening bell, FastFunds Financial Corp. issued a press release to share a couple updates regarding its operating subsidiary, Brawnstone Security (Brawnstone) based in Canton, Ohio.
Unaudited revenues year to date for the subsidiary have stabilized at approximately $64,000 per month totaling approximately $512,000 as of the end of last month. The company said it has been aggressively working on gross margin enhancement and expense reductions. Numbers will be reported in greater detail in the forthcoming Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2015.
FastFunds Financial also pointed out that favorable polling in Ohio indicates the potential passage of legalization for both medical and recreational marijuana use in Brawnstone’s home state. Recreational use has already been legalized in Colorado, Washington, Oregon, Alaska and Washington, D.C. Brawnstone has begun development of its roll-out plan for offering security services in the event of passage. Further updates are expected from the company as these plans move forward in conjunction with the Ohio vote.
For more information on FastFunds Financial, visit www.fastfundsfinancial.com
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