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Ventura Cannabis and Wellness Corp CVHIF

Healthcare Drug Manufacturers - Specialty & Generic
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

Ventura Cannabis and Wellness Corp
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Post by Trooperhoboon Jun 29, 2018 12:00am
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Post# 28249198

So what’s with the quarterly results

So what’s with the quarterly resultsLooks like most of the loss for the year occurred in 4th quarter - $1.2M...but also looks like different accounting approaches for bad debt.  They show that revenue is only $3.3M but a negative variance for bad debt of (-$3.2M) results in revenue of $6.5M.  Havent research this yet, but is there anyone who gets this willing to wade in on why the change? 
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