Beleave Inc BLEVF

Beleave Inc is a vertically integrated Canadian cannabis company. It operates streamlined facilities throughout Canada to cultivate high quality cannabis flower, oil and extracts with funded capacity more than 150,000 kilograms per year. Fully licensed to cultivate and sell medical and recreational cannabis, it is leading the way through research partnerships with universities to bridge the gap between science and tradition and to develop pharma-grade extracts and derivatives. The company is currently developing new product lines as the recreational market is expected to allow for food and beverage-based cannabis products.

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Beleave Inc

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Comment by NEWBIEVESTORon Jun 10, 2018 12:17pm

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Post# 28151575

RE:U guys are all stunned learn to read

High rider note the part where it says 85% of proceeds. Proceeds being the key word. Growing the dope costs money so if they can make say $2 gram profit after growing expenses then it will take 2.5 million grams to pay back. The dope also has to get sold for it to be a proceed. Beleave could easily have over a million grams in the vault but until it’s sold CBW doesn’t get a cent towards its dope note.

NEWBIEVESTOR wrote: Beleave will repay the D.O.P.E. Note by paying CW a portion of all gross proceeds received from the retail or wholesale sale of grams of dried, finished, saleable cannabis ("Grams") produced at any of its cultivation facilities. As a result, based on a $5,000,000 principal amount, CW would receive the proceeds from the sale of 1,275,125 Grams. Until the D.O.P.E. Note is repaid in full, the proceeds from 85% of all Grams sold by Beleave will be delivered to CW as payment against the outstanding principal of the D.O.P.E. Note.
Read more at https://www.stockhouse.com/news/press-releases/2017/10/05/cannabis-wheaton-and-beleave-sign-definitive-agreement-for-up-to-10-000-000-in#5apXPmOIrLHkksFc.99