GREY:BLEVF - Post by User
Post by
fullofhopeon Aug 08, 2020 2:48am
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Post# 31382168
Continued operations
Continued operationsjust reading between the lines a bit, Beleave is still growing weed and still owes Auxly...correct. I read thet auxly will not be growing ANY product till next year. Is this because beleave has made a deal to supplly Auxly with product to clear any outstanding debt?
I know we got F/A from the sale but I find this paragraph interesting
A transaction with the Stalking Horse Purchaser will allow for continued operations of the various Beleave Group operations, as well as employment opportunities. The Company is currently working towards seeking the requisite approvals from the court and regulators to allow for a successful transaction.
Also beleaves extension is till aug / 31, at this point they may be in a position to show the courts they have X number of plants growing and ask for another extension till end of oct?
No one wants a business to fail during these times, especially if they are able to continue operations and possibly ADD to their local workforce.....
Correct me if I am on the wrong path.
Cheers
GLTA