Ventura Cannabis and Wellness Corp CVHIF

RE:RE:RE:News

[brentski99]

TheRock077 wrote: Net cash was expected to be $5.5-million, when the sale of the Outpatient assets.

The remaining two inpatient centers are much higher margin and very well situated.

I figure 2 X sales or about $20 million.

Cash on Hand at exit last quarter was $5 million.

So, we could end up with $25 m to $30 million in cash after disposal of all of the Addiction centers and no debt.

Remember we have real estate which is owned by the company and I wonder if you include that in the 20 million? Anyways if we clear 20 million from the sales i would be vary good as replacing that 10 million or so of revenue with stores would be cheaper. Also there are no accounts receivable to deal with period.

I also believe a spinnoff would be very lucrative to shareholders as the 2 centres would be a great asset to spinoff into a now improved healthcare space. It is easy to do - especially with a CSE listed company. Would possibly be a very good IPO in the coming months. The cash is not needed right away so it should be looked into imho.


Thats a tidy pile of green to execute their California MJ business..