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Ventura Cannabis and Wellness Corp CVHIF

Ventura Cannabis and Wellness Corp is a vertically integrated, California-based products cannabis company. The company is currently building out its distribution channel through revenue-sharing agreements with owner-operator of cannabis dispensaries to ensure it's products get premium shelf space. The Company plans to target four segments in the U.S. cannabis and CBD market with products suited to their needs: senior citizens, upwardly mobile middle-aged female professionals, upwardly mobile middle-aged male professionals and individuals suffering from addiction.


GREY:CVHIF - Post by User

Post by Bananabrainzon Sep 01, 2020 1:35am
235 Views
Post# 31484826

Vote Count

Vote Count

Compiled a tally of shares owned by individuals on this forum.
Please reply if you would like to add/update your count. This will be useful to instill some confidence on how individual retail investors can collaborate to get the message to management.

Username  Share Count 
brentski99                371,500
TaDa123                147,900
bubba                550,000
dileas                200,000
Westcoaster                805,000
Bananbrainz                160,000
lscfa  
Luminous  
turnaroundking  
BigDaddy13  
TheProphetElijah  
constructionsite  
Bgptr1234  
Pleasegroup  
johnsuh  
Trooperhobo  
123600  
DashforCash  
unc12345  
   
Total             2,234,400
Outstanding          37,040,000
Percentage 6%


In order for the transaction to be approved, 67% of shareholders need to approve. Having said that, I am also conflicted on what I want to happen. The current management is garbage and I would rather another entity take us over, but I also don't want this management to scam us and profit. I am concerned there are some shady ongoings which are in the interest of the current board of directors/management at the expense of us retail investors. 

I personally have been invested since the Convalo days, and took up a larger position once hearing about the pivot into weed because I saw the synergy they could develop with their rehab business. Using weed as a medication/replacement to opiod was the basis of my investment in this marijuana play over any other and this has since unfortunately backfired. Why, how, when all this happened is beyond me given the bread crumbs worth of information that was shared by management.

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