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1CM Inc C.EPIC

Alternate Symbol(s):  MILFF

1CM Inc. is a Canada-based multi-jurisdictional company. The Company is focused on cannabis and other complementary and substitutable vice retail industries including liquor, tobacco, and nicotine. It’s One Cannabis Market, is a technology platform that provides business-to-business (B2B) and business-to- consumer (B2C) Solutions including Last Mile Delivery, Digital Signage, Big Data Analytics & Wholesale Clearing Services. Its Cost Cannabis is brand for the urban consumer delivers unparalleled value for the urban cannabis consumer. Its Costcan Liquor includes range of spirits, wines, beers, and other alcoholic products, expertly sourced to cater to diverse tastes and preferences. The Company is focused on expanding its operations through organic growth and by way of merger and acquisition transactions.


CSE:EPIC - Post by User

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Post by Mentiron May 16, 2021 2:36pm
368 Views
Post# 33211577

Leviathan with $ 37.952.278 of deficit can still be traded?

Leviathan with $ 37.952.278 of deficit can still be traded? Are few days that there are not leviathan's trading no one share was changing hands? Do you know why? Look at the filing of Sedar respect the balance $ 37.952.278 of deficit speaks by themself.https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00032407&issuerType=03&projectNo=03211917&docId=4945074
For the six months ended February 28, 2021, the Company reported a net loss attributable to common shareholders of $2,006,217 (six months ended February 29, 2020 - $1,335,291) and, as at February 28, 2021, had a deficit of $37,952,278 (August 31, 2020 - $36,676,401) and a working capital deficiency of $5,451,949 (August 31, 2020 - working capital deficit of $5,483,720). Management has forecasted that the expected expenditure levels and contracted commitments will exceed the Company's net cash inflows and working capital for the fiscal year 2021 unless further financing is obtained. Additional sources of funding will be required to carry on operations and/or to realize on investment opportunities. The Company's future operations are dependent upon its ability to secure additional funds and generate product sales. While the Company is striving to achieve these plans, there is no assurance that these and other strategies will be realized, or such sources of funds will be available or obtained on favourable terms or obtained at all. Historically, the Company has obtained funding via the issuance of shares and warrants and short-term borrowings. If the Company cannot secure additional financing on terms that would be acceptable to it or otherwise generate product sales, the Company will have to consider additional strategic alternatives which may include, among other strategies, cost curtailments and delays of product launch, as well as seeking to license and/or divest assets or a merger, sale or liquidation of the Company. These material uncertainties may cast significant doubt on the Company's ability to continue as a going concern.
 
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