RE:lets cross our fingers financials are finally done.Just keep a few things in mind:
1. All the assets are secured in Marcello's name. If it goes bankrupt it's all theirs.
2. Come 2028 the lease is up and everything Bevcanna paid to buildout is theirs. Over $25M.
3. Naturo was absolutely worthless and hemmoraging money since its inception. Look at the 10's of millions of cheap warrants and options they forgot to mention when Bevcanna paid 50M shares for a money losing business.
4. Embark Health was worthless and hemmoraging money since its inception.
5. Marcello coordinated the stockprice manipulation so that you could pay for buying all his 10's of millions of shares, options and warrants at elevated pricing.
6. Go to SEDAR and read the document from March 14th 2022 "Business Acquisition Report"
7. Remember that on December 17th 2020 when they announced the Naturo Acquisition they stated it did not require shareholder approval because it was less then 25% of the current MC ($54M) and a $35M transaction. That was 36% and required approval. Never happened. Part of the reason for raising the shareprice and revising the transaction.
Bevcanna paid over $16.5M cash (+more) to lease the faciltiy and then an extra $2M for 5500 additional square feet.
Marcello made 50% from all the equipment purchased and installed.
Millions was spent on the grow op that never produced a single plant. Remember this all goes back to Marcello in the end.
This whole operation was a developed scam right from the original investors of Naturo through to when it eventually goes back to them.
They can't even sell product without giving 50% of the net profit over to Heritage Cannabis.
Which is nothing by the way because they only make positve gross profits not net profits.
Good luck moving forward. Lol.