Ravenquest Biomed Inc RVVQF

Ravenquest BioMed Inc is a Canada-based diversified cannabis company with divisions focused upon cannabis production, management services and consulting and specialized research and development. It provides integrated solutions to companies in the cannabis industry and provides growing and drying technologies, patient and genetic management systems, and security management solutions The company operates through the following segments - Consulting business and Cultivation and Sale of Medical Cannabis.

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Ravenquest Biomed Inc > Guess we have another month to wait for financials

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Comment by Botaniston Mar 02, 2020 6:36pm

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Post# 30758399

RE:Guess we have another month to wait for financials

https://www.stockwatch.com/News/Item?bid=Z-C%3aRQB-2873271&symbol=RQB&region=C

Very convenient changing auditors just as the financials were due.

I cannot believe they were allowed to trade today with no information given about the $13m debt that was due Feb 28. Are they in default? Do they have an extension? Nothing just crickets.

So the statement below from the above link says "not currently subject to any insolvency proceedings" So they are only in default from today - the 1st business day since the debt was due. How long will it take MMCAP to start proceedings against us, AND are we going to keep trading while in default? I assume they'd let us know if they had an extension or renewed finance.

From the link above
"The company is not currently subject to any insolvency proceedings. If the company provides any information to any of its creditors during the period in which it is in default of filing the annual financial statements, the company confirms that it will also file material change reports on SEDAR containing such information.