Just Today BZAM Group was Granted Protectionfrom Ontario Superior Court of Justice, in order to restructure their business and financial affairs. This was formally th Green Organic Dutchman.
BZAM Group, "Due to, among other things, margin pressures caused by significant competition and the fragmentation of the cannabis industry, and financial underperformance and pressures resulting from obligations owing to creditors, the BZAM Group has been unable to generate positive cash flows and has incurred cumulative losses."
They could have done more cutting, reducing the number of board directors, better informing the shareholders and so on. They were very tight lipped about it until the news today.
Which scares me about Australius being very quiet for so long, trading halted, financial filings not done for regulators, our partners, business, do we even have any sales all this time?
We've all been left in the dark!