Management have just released and posted their latest Monthly PROGRESS Report for the
Month of June__and it TOO
has had a HUGE CHANGE__just like in the latest Quarterly
Financial Reports to the end of April__for the first time siince the 2018 RTO the latest Monthly PROGRESS Report actually had some real discussion with details about what has been going on for the past 18 months.
In particular for the First Time there is DETAILED Discussion regarding the Previously Unexplained lack of virtually any REVENUES since the RTO fall of 2018. ALL previous MONTHLY REPORTS had virtually the SAME Language as this latest example
for Month of MAY__suggesting that
cigarette sales revenues were taking place__even
when no such revenues ever showed up in the Quarterly Financial Reports
FORM 7
MONTHLY PROGRESS REPORT
Name of Listed Issuer: HARRYS MANUFACTURING INC. (the “Company”)
Trading Symbol: HARY
Number of Outstanding Listed Securities: 77,191,358
Date: June 2, 2020
Report on Business
1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Where the Issuer was inactive disclose this fact.
The Issuer generates revenues from the sales and distribution of affordable, high quality, organically grown tobacco cigarettes to global customers. Harrys utilizes various types of tobacco and blend components from Canadian growers to satisfy customer demands and preferences for products that meet Health Canada standards.
So
NOW in the JUNE Monthly Report Management have finally provided Great Detail with regard to WHY there has NOT been virtually any
cigarette sales revenues ever since
the RTO Fall of 2018.
MONTHLY PROGRESS REPORT
Name of Listed Issuer: HARRYS MANUFACTURING INC. (the “Company”)
Trading Symbol: HARY
Number of Outstanding Listed Securities: 77,191,358
Date: July 3, 2020
Report on Business
1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Where the Issuer was inactive disclose this fact.
The Issuer generates revenues from the sales and distribution of affordable, premium quality, organically grown tobacco cigarettes to global customers.
The Company initially focused its efforts on tobacco cigarette sales to international purchasers, specifically to take advantage of referrals and existing relationships previously established by HIMI management. However, over the past 18 months the international market has become increasingly challenging with not only the long standing dominance of large tobacco companies but many cheap, lower quality cigarette brands being manufactured in China and India, making it difficult to compete. During this period, several opportunities fell through due to Harrys inability to match or beat pricing, as well as a large pilot project opportunity to supply a division of the military in China with a premium quality Canadian brand cigarettes, that suddenly stalled. The Company believes this was due to China changing policies to restrict purchases of certain Canadian goods.
The Company has since switched its efforts to focus on tobacco sales in Canada. Last year Health Canada announced that it will be introducing new plain packaging regulations in 2020 on Tobacco products sold in Canada. The new regulations prohibit brand colors, graphics and logos on packages, making all packaging identical other than the product name, which has to be displayed in identical font. Harrys management saw this as an opportune time to enter the Canadian market and started inquiring into all the necessary requirements, guidelines, steps and whether it could even gain access to the distributors and retail markets in Canada to generate sales. The North American market is predominantly dominated by the big three or four tobacco companies, and up until recently was difficult to brand a new product in the Canadian market.
So this Indeed IS Excellent reporting NOW from Management__and we should ALL expect Much More of the SAME kinds of Details in ALL Future Monthly Progress Reports eh !!!
However, this does raise a Major ISSUE__as to WHY did Management Overlook providing This
Level of Detailed REPORTING for the PAST 12 Months at least???__as Management obviously HAD Known about the Numerous Reasons for the Lack of Cigarette Sales Revenues for Many
Months now eh????
Thus even though Company Insiders__and likely some others ""in the know"" such as OUR
BringerOfLight Poster__all would have known about these VERY MATERIAL issues__AND
thus could have been Trading on such knowledge__we ordinary retail investors would NOT
have had such opportunities.
All water under the bridge now as they say__what matters now is that WE now have an
expectation for the SAME Level of Reporting by Management going FORWARD eh !!!!!!!!
Turning OFF the Light Switch simply would NOT be acceptable anymore.