GREY:BOSQF - Post by User
Post by
SouvranStaron Apr 16, 2020 3:24am
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Post# 30915033
Earnings, Statement and MD&A to be found on SEDAR
Earnings, Statement and MD&A to be found on SEDAR ...since the 13th of April.
Taken of the Statement:
"To the Shareholders of The Yield Growth Corp. Opinion We have audited the consolidated financial statements of The Yield Growth Corp. (the “Company”), which comprise the consolidated statements of financial position as at November 30, 2019 and 2018, and the consolidated statements of operations and comprehensive loss, changes in equity, and cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of significant accounting policies. In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Company as at November 30, 2019 and 2018, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with International Financial Reporting Standards. Basis for Opinion We conducted our audits in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in Canada, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material Uncertainty Related to Going Concern We draw attention to Note 1 in the consolidated financial statements, which indicates that the Company incurred a net loss of $16,020,988 and used cash of $11,974,532 for operating activities during the year ended November 30, 2019 and, as of that date, had a working capital deficit of $91,697 and a deficit of $26,121,149. As stated in Note 1, these events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter. "