Bevcanna Enterprises Inc C.BEV

Bevcanna Shareholder Must Read

[shneps]

Everybody has got to read this.
I thought shareholders got screwed before.
This is just over the top backdoor manipulation for insiders.
How this is legal is beyond me.

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00046097

[shneps]

I haven't had a chance to thoroughly read but here's a snippit of just one -  "On January 22, 2021, the Company entered into a securities exchange agreement with Skal Infused Drinks Inc. (“Skal”) and paid 12,500,000 common shares at a price of $0.40 per share to the shareholders of Skal to acquire 100% of the outstanding shares of Skal. As part of the securities exchange

[shneps]

Look at all the payouts before the acquisition closing - "b) On January 25, 2021, the Company issued 7,547,232 common shares at a price of $0.40 per share to various consultants for payment of past services. Of the total amount, 4,197,232 shares were paid to related parties. On the same date, the Company settled a debt of $1,000,000 by issuing 2,500,000 common shares of the Company to a

[shneps]

 20. DEFERRED REVENUE On June 12, 2018, the Company entered into a license agreement (the “License Agreement”) with BevCanna, a related party, whereby the Company would provide BevCanna with certain manufacturing and quality assurance services for manufacturing beverages in the Company’s facilities, and whereby BevCanna entered into a lease agreement with the Company to lease a portion of

[shneps]

As at December 31, 2020, the Company has non-capital losses of approximately $16,696,000 that may be carried forward and applied against taxable income in future years. The non-capital losses may be carried forward and expire between 2032 and 2040.

[shneps]

Remember the "Water Source" valued at $14M in the acquisition - "The Company has the right to use and extract groundwater from a certain property located in the Yale Land District of British Columbia (the “Water Source”) pursuant to a license issued under the Water Sustainability Act of British Columbia. The Water Source is an aquifer. The bottling plant of the Company is

[shneps]

All the money Naturo was making was through the selling of Bevcanna shares they got on the cheap. During the year ended December 31, 2020, the Company disposed of 5,926,161 BevCanna common shares for $3,724,468 and realized a $2,151,882 gain on sale of marketable securities. And through this they paid there insiders. Wasn't it amazing how the stock price of Bevcanna started to sky

[shneps]

Naturo was also funding RYU Apparel and guess who got left holding that bag. Bevcanna shareholders.

[shneps]

 Example: 1.55M Bevcanna shares (valued at $0.25) were sold by Naturo (Marcello) for a $4.17M and a profit $2.58M. All to pay off the debts (insiders not accounts receivables) of Naturo before the acquisition closed.

[shneps]

Gain (Loss) on marketable securities ($3,826,881) -  All these market securities were funding their own interests. .i.e. RYU Apparels

[shneps]

On June 12, 2018, the Company entered into a license agreement (the “License Agreement”) with BevCanna, a related party, whereby the Company would provide BevCanna with certain manufacturing and quality assurance services for manufacturing beverages in the Company’s facilities, and whereby BevCanna entered into a lease agreement with the Company to lease a portion of land, aquifer and

[shneps]

Don't forget they also got paid this exorbinant amount for lease for Bevcanna : "The Company was paid $1,303,400 for the additional space and displacement fee, of which $650,000 cash was received during 2019" So an additional $2M for 5500 sq ft that Naturo wasn't even using. What was this for? They had to build the second production line for cannabis drinks because they can't

[shneps]

After all this Bevcanna shareholders paid an additional $20M + warrants + options for a supposed $45M in valued assets. ALL BS and all from the valued investors of Bevcanna.

[Sal1958]

schneps I don't know. This again u r accussing someone for something he has no idea of what the real reason was. And as for what really happened give Marcello a call. Don't just post and accuse. U don't know me from a hole in the wall. I continue to let u know I am an investor. Don't appreciate it when someone who says he has no interest in this company and continually trashes it

[shneps]

All the information posted Sal and that's all you have too say. Seeing as you personally know (or are) management you should be screaming for having somebody pull the wool over your eyes and destroy your investments in both RYU and Bevcanna. And yet you attack me. Very telling indeed.

[Sal1958]

schneps u r an idiot. I am not management and do not in any way work for BevCanna. Quit your bs aqusations. U my freind need a shrink to help u through this. I can fully prove who u am. u on the other hand need help. What u did today was in desperation. Have a nice day.

[Sal1958]

schneps u need to understand that what is in black and white not always means what u believe. U automatically go to your assumption side. This is where it gets frustrating. U don't believe or want to believe there could be another reason. U don't believe there's any honesty in BevCanna. U give it zero for honesty and 100% for dis honest. I have a hard time believing this. And I believe

[shneps]

Very interesting comment - "This where we believe u r here for revenge."

[Sal1958]

schneps me and the readers on this board. Get help. U desperately need it. Have a nice day