Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bevcanna Enterprises Inc C.BEV

Alternate Symbol(s):  BVNNF

BevCanna Enterprises Inc. is a diversified lifestyle and wellness consumer packaged goods company. The Company operates through three segments: non-cannabis beverage, cannabis beverage and eCommerce. The non-cannabis beverage segment consists of alkaline and mineralized beverages, which include the development and manufacturing of TRACE brand and other beverages and supplements. The cannabis beverage segment is engaged in the development and/or production of cannabinoid beverages and supplements for both in-house brands and white-label customers. The eCommerce segment includes direct-to-customer sales of natural health products, including nutraceutical and hemp-based cannabidiol (CBD) products. It owns a pristine alkaline spring water aquifer and has an approximately 40,000 square foot manufacturing facility in Osoyoos, British Columbia. The Company has various distribution network that includes traditional and regulated retail distribution, and online marketing.


CSE:BEV - Post by User

Comment by shnepson Mar 02, 2022 3:23pm
100 Views
Post# 34476325

RE:RE:Is Bev going private?

RE:RE:Is Bev going private? These guys could sell out at any price and make money with all the shares they have given themselves.
Remember the fact Bevcanna paid the following:

"As at September 30, 2021, the Company recognized goodwill of $36,766,344 (December 31, 2020 - $3,209,198) upon the completion of the acquisition of Pure Therapy and Naturo. This goodwill represents the excess purchase price paid by the Company over the fair value of net tangible and intangible assets identified in the calculated purchase price."

This almost $37M was paid out because the companies (Pure and Naturo) are supposed to have great prospective futures. But in reality is they are both money losing ventures and have been for some time.
"For the nine months ended September 30, 2021, Naturo has contributed a net loss of $2,222,124 (2020 - $nil) to the consolidated statements of comprehensive loss of the Company."

"For the nine months ended September 30, 2021, Pure Therapy has contributed a net loss of $1,098,518 (2020 - $nil) to the consolidated statements of comprehensive loss of the Company
This will equate to an approximately $4.5M loss per year that shareholders paid almost $37M bonus money for.
And  guess who benefitted from this bonanza?
Congratulations on being shafted again by backdoor deals. 
Don't think Embark was any different either, look at today's share price as Embark investors sell off.

<< Previous
Bullboard Posts
Next >>