Integrated Ventures, Inc Reports Total 2024 Revenues ... TAMPA, Fla., Oct. 1, 2024 /PRNewswire/ -- Integrated Ventures Inc. (OTCQB: INTV), ("Company") is pleased to confirm the filing of Form 10K/Annual Report, for financial period, ending on July 30, 2024.
Financial Highlights + Management Comments:
- Total Annual Revenues: $5,863,935.00 (2024) vs $3,862,849.00 (2023).
- Total Liquid Capital (Cash+ Digital Assets) Available : $1,771,891.00 (2024) vs $705,423.00 (2023).
- Total Assets: $3,942,691.00 (2024) vs $6,590,569.00 (2023) - mainly due to accounting entries for impairment of property and mining equipment.
- Total Current Liabilities: $3,683,142.00 (2024) vs $2,975,451.00 (2023) – mainly due to accounting entries for accrued stock dividends, due to shareholders with preferred shares.
- Net Income (Loss): ($11,524,357.00) (2024) vs ($25,459,967.00) (2023) – mainly due to the stock compensation issuances for management and consultants and losses on disposition of the property and mining equipment.
Steve Rubakh, CEO of Integrated Ventures, adds the following commentary:
"The management has made a strategis decision to expand business operations by entering lucrative and rapidly growing health and wellness sector, with focus on weight losss management solutions.
As of 09/30/2024, the Company have launched and fully funded internally, the following wholly owned subsidiaries: (1) Digital currency mining and hosting, (2) MedWell USA, LLC - B2B procurement agency with focus on the health and wellness category. This subsidiary markets medical weight loss and GLP-1 products by targeting medical offices, wellness clinics, gyms, and online telemedicine companies, (3) MedWell Direct, LLC – Operator of D2B/B2C telemedicine platforms that connect consumers with licensed healthcare providers and provides weight loss management services, driven by GLP-1 products and (4) MedWell Facilities, LLC - Facilities management company is dedicated to the health and wellness industry. This subsidiary is focused on developing real estate opportunities, designed to attract health and wellness tenants.
The Company is planning to launch 3 new websites to support newly launched subsidiaries and finalizing details on multiple B2B joint venture opportunities, related to health and wellness sector, with goal to increasing shareholder's value and revenue growth."
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