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BZAM Ltd C.BZAM

Alternate Symbol(s):  C.BZAM.WA | C.BZAM.WB | BZAMF

BZAM Ltd. is a Canadian cannabis producer with a focus on branded consumer goods. The Company's portfolio includes core brands, such as BZAM, TGOD, ness, Highly Dutch Organic, TABLE TOP, as well as partner brands Jeeter, Cookies, Sherbinskis, Dunn Cannabis, FRESH and Wyld. It operates facilities in British Columbia (BC), Alberta (AB), Ontario and Quebec, as well as retail stores in Regina, Saskatchewan. The Company’s subsidiaries, The Green Organic Dutchman Ltd. (TGOD), BZAM Management Inc., Folium Life Science Inc. and BZAM Cannabis Corp., are licensed producers and hold licenses to produce cannabis plants, cannabis plant seeds, dried cannabis, fresh cannabis, cannabis oils, cannabis topicals, cannabis extracts and edible cannabis and sell such cannabis products within Canada to provincially authorized retailers or distributors and federally licensed entities. Its product portfolio includes categories, such as Infused, Multi-packs, Edibles, Organic, and Craft.


CSE:BZAM - Post by User

Bullboard Posts
Post by Winterkushon Mar 16, 2020 5:28pm
256 Views
Post# 30814569

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???With respect to our cash position we mentioned in our prospectus back in December that the financing raised got us to complete the Hamilton facility as well as build out the greenhouse in Valleyfield and provide working capital through the end of April. We are working now on the additional debt facility or a top-up to the existing credit facility that we have with our current provider, as well as some of the surplus assets we have at Valleyfield being monetized. Our expectation is within the next month we should have some announcement with regards to additional debt being put in place to get us through that working capital crunch and working capital bridge to positive cash flow in the back half of the year. Were not expecting to go to the markets, particularly in this environment, but we aren't taking any options off the table at this point. As mentioned above, we are also looking at monetizing surplus assets and equipment financing. Our financing, whether its debt as expected or looking at the markets, is to get us to the point where we can get to positive operating cashflow. One thing that gives us confidence is that our asset valuation is greatly above the liabilities. On a operating basis the management team has maintained a disciplined approach to operational costs related to the commercialization of our products in Canada. We continue to be very focused on where we spend our SG&A, focusing on the higher value-added part of the value chain and finding good partners for the rest. Weve reduced our Canadian G&A by 50% over the run rate it was in Q3 and Q4 of 2019. Weve eliminated over 20% of our corporate positions and this will be reflected in our Q1 2020 results. As we scale commercial production and distribution, we expect revenue and cash flow to increase rapidly in 2020 and, despite the exceptionally challenging environment were in, we are well positioned for long-term attractive earnings growth and sustainable value creation for our shareholders. As Brian and Sean mentioned on our call, we have had some challenges in the supply chain, particularly with the cannabis 2.0 products and they noted that were still on our timeline for being cash flow positive later this year. It wont be quite at the end in Q2 as we were hoping, but the cannabis 2.0 products are still gaining strong interest from the market and when they are being distributed nationally it will allow us to get to a point of having positive operational cash flow. Regards, Shane Shane Dungey Vice President, Investor Relations The Green Organic Dutchman Holdings Ltd.
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