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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Post by Kornootoon Nov 06, 2018 10:08am

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this is the news...it is clear

TORONTO, Nov. 5, 2018 /CNW/ - Beleave Inc. (CSE: BE) (OTCQX: BLEVF) ("Beleave" or the "Company") is pleased to announce a seven-for-one share split of the Company's issued and outstanding common shares (the "Share Split"). Each shareholder of record of the Company as of the close of business on the Record Date will receive six additional shares for each share held on such date.

"A sizeable portion of our investor base is holding their position for the long-term. This stock split will increase liquidity, allowing more investors to buy and sell our shares as we continue our ambitious expansion into 2019," said Andy Wnek, Beleave CEO. "Our stock is already affordable, and liquidity will free up additional shares to trade, which in turn helps Beleave realize its true value."

The Company currently has 59,887,913 issued and outstanding common shares. Upon completion of the split, there will be approximately 419,215,391 shares issued and outstanding. The record date for the stock split is Wednesday, November 7, 2018 and the shares will begin trading on a split basis on Tuesday, November 6, 2018.