Gaia Reports Third Quarter 2016 Results
BOULDER, CO — (Marketwired) — 11/03/16 — Gaia, Inc. (NASDAQ: GAIA), a conscious media company, reported financial results for the third quarter ended September 30, 2016.During the third quarter, Gaia completed the sale of its branded consumer product business and recognized a $114.5 million pre-tax gain. In the second quarter Gaia also sold its 51.4% interest in Natural Habitat, which was acquired for $0.6 million, for $12.8 million.Gaia used the majority of the proceeds to conduct a share r