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Elixxer Ltd. V.QBA


Primary Symbol: V.ELXR

Elixxer Ltd is a Canada based company engaged in growing and producing medical-grade cannabis. It focuses on making investments in Nutraceuticals, Cosmetics, Pharma, and Cultivation and Extraction sectors.


TSXV:ELXR - Post by User

Post by ybhere01on Nov 30, 2019 4:28am
143 Views
Post# 30408288

Significant doubt as to the Company’s ability to continue

Significant doubt as to the Company’s ability to continueGoing Concern Uncertainty (page 6)

The Company reported a net loss and total comprehensive loss in the twelve-months ended September 30, 2019 of $13,101,158 and $13,136,142, respectively (year ended September 30, 2018 of $16,530,002 and $15,616,513, respectively). As at September 30, 2019, the Company’s current liabilities exceeded its current assets by $5,040,988 (September 30, 2018 – current assets exceeded current liabilities by $3,713,461). These recurring losses and the need for continued financing to further successful and development activities indicate the existence of a material uncertainty that may cast significant doubt as to the Company’s ability to continue as a going concern.
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