Fiore Cannabis Ltd FIORF

RE:Financials

[LarryMcfly]

Humm, read the document en Sedar...i'm surprised.

The Company’s ability to continue as a going concern is dependent upon its ability to maintain its marijuana cultivation and production licenses in good standing, generate profitable operations, obtain necessary debt or equity financing, and identify future investment opportunities.  From inception to September 30, 2018, the Company has incurred losses from operations and has net accumulated losses of $31,987,862.  As at September 30, 2018, the Company has working capital of $8,279,238 which isn’t sufficient to meet its operating and administrative costs and acquisition and other commitments.  Although the Company has raised funds in the past, there can be no assurance the Company will be able to secure sufficient debt or equity financing for its working capital and investment activities, in which case the Company may be unable to meet its obligations as they come due in the normal course of business. It is not possible to predict whether financing efforts will be successful or if the Company will attain profitable level of operations.  
 
These factors indicate the existence of a material uncertainty that may cast substantial doubt regarding the Company’s ability to continue as a going concern.  These condensed consolidated interim financial statements do not include any adjustments to the recoverability or classifications of assets and liabilities that might be necessary should the Company be unable to continue operations.