BC Craft Supply Co Ltd CRFTF

Financials - ouch!

[HawkII]

Checking SEDAR filings ... Cash of $1.2M at June 30th. Intangible assets of $48M that according to footnote 4 "may be subject to adjustment". Convertible debentures of $12.7M due Mar14/2020 and Apr18/2020 with 10% coupon (Interest of $1.27M alone is more than existing cash). They paid $14M for CBD Therapeutics for a company "did not have inputs, processes and outputs in place that constituted a business" and still owe $1.528M on that purchase. They've provided a $1.25M credit facility to Theraveda to build a facility in an oversupplied market when they don't have enough cash themselves to properly run their own business. They still owe $1.25M to Baked Edibles to close that asset purchase. Consulting, salaries and compensation totalled $895k at June 30th ... they only went public at the beginning of June.??