Blue Line Protection Group Inc (PK:BLPG)
Business Focus: Security Services
| Sector: Industrials | Industry: Business Support Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 5765 Logan Street DENVER CO 80216 |
| Tel: | N/A |
| Website: | https://www.bluelineprotectiongroup.com |
| IR: | See website |
| Key People | ||
| Daniel L. Allen Chief Executive Officer, Director | ||
| Business Overview |
| Blue Line Protection Group, Inc. provides armed protection and transportation, currency processing and training, and compliance services for businesses engaged in the legal cannabis industry. The Company provides logistics, and compliance services for businesses engaged in the legal cannabis industry. The Company offers asset logistic services, such as armed transportation service, including shipment protection, money escorts, asset vaulting, financial services, such as handling transportation and storage of currency; training; and compliance services. It offers a fully integrated approach to managing the movement of cannabis and cash from growers through dispensaries via armed and armored transport, currency processing, vaulting and related credit. It supplies asset protection via armored transportation and currency processing services to licensees in Colorado, Arizona, Nevada, and New Mexico, out of its two business locations. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Blue Line Protection Group Inc revenues increased 14% to $4.4M. Net income totaled $351K vs. loss of $295K. Revenues reflect Transportation segment increase of 24% to $2M, Currency Processing segment increase of 7% to $2.4M. Net Income reflects General and administrative expenses decrease of 16% to $2.1M (expense), Interest expense - Balancing value decrease of 6% to $176K (expense). |
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