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Maple Leaf Green World Inc. N.MGW

"Maple Leaf Green World Inc and its subsidiaries focus on the cannabis industry in North America. It operates or funds three cannabis projects, in British Columbia, California, and Nevada. The company applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free organic cannabis products."


NEO:MGW - Post by User

Comment by LasVegasBabyon May 22, 2019 11:17am
120 Views
Post# 29764153

RE:RE:5.4 million in negative working capital ( no auditor)

RE:RE:5.4 million in negative working capital ( no auditor)
maryhill wrote: Yes they filed a Audited financial statement.
The engagement partner on the audit resulting in this independent auditor's report is Scott Laluk. Calgary, Alberta April 1, 2019  MNP LLC Chartered Professional Accountants

His opinion was

Material Uncertainty Related to Going Concern
We draw attention to Note 2 in the consolidated financial statements, which indicates that the Company incurred a comprehensive loss of $11,038,777 during the year ended December 31, 2018 and, as of that date, the Company had a accumulated deficit of $28,898,188 and negative working capital of $4,672,048. As stated in Note 2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.

MAPLE LEAF GREEN WORLD INC. CONSOLIDATED FINANCIAL STATEMENTS December 31, 2018 and 2017 as filed on SEDAR

People keep complaining how bad the managements are and yet keep buying to average down or hoping to buy at cheap.  Forget about it, it will go belly up!  Why bother to throw good money after bad, common sense.
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