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 9:19pm

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Post# 29356071

RE:RE:RE:VRT fair value ?

I’m not sure what point you’re trying to make? They still need to come up with $800,000.00. As of December, they had $30,000.00 cash available. So they are issuing 400,000 shares (which dilutes current shareholders), and they need to raise a further 800K over the next three years. How does this translate into a 100-200% increase over the next 2-3 months? It doesn’t. So I’m asking if there is anything he can point to that might suggest those numbers are in any way realistic.

They need to find a partner with cash available, and soon, or we’re going to see them do a further round of financing, and the share price drop in response to the dilution.

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