Ventura Cannabis and Wellness Corp CVHIF

RE:RE:sold

[choices9999]

But Prophet, the company is not in fact profitable since you keep forgetting to mention the huge A/R issue they have not being able to recoup revenues (Q3 - $12+ mill current A/R's PLUS close to $14 mill to be written off as bad debt). Also regarding to MJ margins Prophet, they are 2 years too late offering 3 products (only) to compete with over 1000 well established competing products so with expected revenues to be small, it really doesn't matter how profitable their 3 products are. Also remember, they are having a hard time selling the 3 MJ products - you didn't forget that they are launching the 3 products for 60% off their original price point right? Doesn't that tell you something Prophet??

Luminous wrote: The company is still profitable with what it has, doesn't need further expansion of clinics.  Margins are way higher in MJ so might as well take advantage of it. 
This is a unique set up and those selling now will be kicking themselves in the not too distant future.

"I will continue to work to ensure our business platform can be used as a foundation for our expansion into the cannabis space.” Continued Mr. Heath, “I am greatly looking forward to sharing our progress and further updates with the markets soon as we get the business and the team ready for this exciting potential expansion to our current addiction treatment business”.

Sounds like he's finally looking at hiring more people to help with executing on this.