The growth and the audited 2010 results along with the Kodiak past placement are below.
fyi,Kodiak bought at 0,79 $ the shares of CKGT last year.
"The Company received net proceeds from Kodiak of $742,678 ($784,678 gross based on a price of $0.79 per share, less $42,000 fees and costs charged by Kodiak). The proceeds will be used to maintain the financial liquidity of the cigarette factory in Macao."
“Cactus cigarette products opened enormous opportunities for our company in 2010 and we have great expectations for the future. We expect our agreements with both China Tobacco Shandong and Shandong Yishui Ruibosi will stimulate cigarette revenue to new levels this year and further broaden shareholder value,” Mr. Wang said.
HARBIN, China--(BUSINESS WIRE)--China Kangtai Cactus Biotech Inc. (OTCBB: CKGT), a vertically integrated grower, developer, manufacturer and marketer of a variety of cactus-based products in China, announced today that 2010 revenue increased 36% to $36 million, compared to $26.5 million in 2009. Net income for 2010 increased to $11.8 million or $0.56 per diluted share compared to net income of $0.48 million for 2009, or $0.02 per diluted share. The Company’s 2009 net income was impacted by the reclassification of outstanding Series A Preferred Stock and A, B, C and D warrants from stockholders’ equity to liabilities at fair value.
Full Year Financial Highlights:
Revenue in 2010 increased 36% to $36 million, up from $26.5 million recorded in 2009 Net income rose 2,356% to $11.8 million or $0.56 per diluted share versus $480,125 or $0.02 per diluted share in 2009 Adjusted net income (excluding the reclassification of Series A Preferred Stock and A, B, C and D warrants) rose 13% to $7.3 million or $0.35 per diluted share versus $6.5 million or $0.33 per diluted share in 2009 Gross profit margin was 38% compared to 40% in 2009 Income from operations increased 19% to $11.3 million from $9.5 million in 2009.
Full Year Product Categories Performance:
Sales of cactus cigarettes increased 818% to $2.9 million, from $317,133 recorded in the same period of 2009 Cactus feed sales increased 99% to $4.6 million, up from $2.3 million recorded in the same period of 2009 Beverage sales increased 35% to $12.6 million, up from $9.3 million recorded in the same period of 2009 Raw & intermediate material sales decreased 15% to $2.9 million from $3.5 million recorded in the same period of 2009 Nutraceutical sales revenue increased 21% to $13 million, up from $10.7 million in the same period of 2009 Packaged foods provided no revenue in 2010, compared to $384,337 in the same period of 2009.