Indigenous Bloom Hemp Corp VRTHF

Cannabis

Indigenous Bloom Hemp Corporation is a Canada-based company, which produce and sell hemp extracts. The Company operates a large scale industrial hemp farm in southern Manitoba on approximately 200 acres of zoned farmland. The primary business of the Company is the sale of hemp biomass and flower (Hemp), Phyto cannabinoid rich (PCR) extracts derived from hemp biomass (Hemp Extracts). The Company is in the process of developing, through acquisition and construction, Hemp Products for general consumer end-use. It has two primary products which it plans to sell and is in the process of expanding its product line. The Company’s primary product to date is Hemp Biomass, which is sold pre-processed to customers and partners who process the biomass into Hemp Extracts. The Company has cultivated approximately 100,000 kilograms of Hemp Biomass.

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Indigenous Bloom Hemp Corp > VRT fair value ?

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Comment by Extallioneson Feb 12, 2019 12:50pm

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RE:VRT fair value ?

I'm not sure what you're basing this opinion on, if anything. As of their latest Interim Financial Statements filed at the end of December 2018, they are flat out of money, and they have no income stream. They either have to raise cash, which means dilution for shareholders, or they need to enter into a partnership agreement or merge with a compnay who has cash and is able to fund them - ideally someone who can produce the cannabis they need at low cost. I am hopeful that the share consolidation was in preparation for just that, but it needs to happen soon.

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