PittMoss Doubles September Revenue and More Great Updates!
PittMoss is proud to share this week’s update and announce another record-setting growth percentage of 72% over the last six months versus six months a year ago!
In the last five of the last six months of this year, PittMoss consistently doubled sales across all sales sectors. September alone sales grew 112% - a direct result of 1159% in wholesale sales and 88% in retail sales! This grow is in response to our current and new customers expanding their use of our products as well as finding new markets in which we can continue to grow in 2021. We hope our investors find this news inspiring!
And there is even more great news to share with you, our valued investors!
PittMoss is a finalist for the 2020 Grow-NY Food and Agriculture Innovation global business competition!
Grow-NY, one of the largest food and agriculture business competitions in the world, is strengthening the food and agriculture innovation clusters of the Finger Lakes, Central New York and Southern Tier regions of New York state.
Winners will be required to create a positive impact in the Grow-NY region, grow job opportunities, connect with local industry partners and contribute to a thriving Upstate economy. Each year, one finalist will be selected for a $1 million top prize; two $500,000 prizes; and four $250,000 prizes will also be awarded for a total of $3 million in prize money.
Empire State Development is funding the competition through its Upstate Revitalization Initiative connected with the three regions — Finger Lakes Forward, CNY Rising and Southern Tier Soaring. Cornell University’s Center for Regional Economic Advancement is administering the competition.
Lastly, PittMoss is resubmitting our SBIR (Small Business Innovation Research) grant for use of hemp as a potential feedstock. The SBIR program is a United States Government program, coordinated by the Small Business Administration, intended to help certain small businesses conduct research and development (R&D). Funding takes the form of contracts or grants.
It’s been an exciting year thus far for PittMoss and we look forward to updating you with even more great news during the month of October. For more information about PittMoss, visit our website at www.pittmoss.com.