A couple of items that should raise red flags and/orturn your stomach from the last Financial Statements...
Net Revenue ... $1,285,569
Cost of Sales .. $1,307,761 They are literally LOSING MONEY with every gram they sell yet according to the item just below this one ... they ARE NOT EVEN GROWING CANNABIS!!??
"During 2021, the Company had suspended growing activities and had nil plants at September 30, 2022 (December 31, 2021 – nil plants)."
"During the nine months ended September 30, 2022, the Company paid $53,333 to an employee who is the daughter of an officer of the Company (2021 - $48,000)."
Management and other payroll ..... $110,028 (For the 3 month period!?!?!)
"In December 2021, the Company took out a $500,000 short-term loan secured by the agricultural property held by 93802601 Quebec Inc.." ... remember that farmland they bought with investor money? ... remember what happened to it? Did they ever recover the missing $3 million? Guess who runs private company 93802601 Quebec Inc? Boris Ziger
Yunify ... "The debenture is currently in default, and as at September 30, 2022 and 2021, the investment is being reported at a $1 nominal value based on management’s estimate of its fair value."