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 > Legal proceedings against LIHT cannabis for outstanding loan

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Comment by Extallioneson Mar 07, 2019 12:46pm

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Post# 29456146

RE:RE:RE:RE:Legal proceedings against LIHT cannabis for outstanding loan

The disagreement is because you're asking if they do anything well?

I don't think you understand how security is enforced. The loan has to first expire (it has). You then have to make demand for the loan (which they have done). If Maraphram refuses to repay (which they have), then you MUST start legal action to obtain an Order Nisi, also known as an order absolute, which allows you to legally sell Maraphram's assets. There is literally no other way to do it.

In other words, they are doing exactly what anyone else would have to do, so I'm not sure how that translates into them "not doing things well".

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