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Beleave Inc BLEVF

Beleave Inc is a vertically integrated Canadian cannabis company. It operates streamlined facilities throughout Canada to cultivate high quality cannabis flower, oil and extracts with funded capacity more than 150,000 kilograms per year. Fully licensed to cultivate and sell medical and recreational cannabis, it is leading the way through research partnerships with universities to bridge the gap between science and tradition and to develop pharma-grade extracts and derivatives. The company is currently developing new product lines as the recreational market is expected to allow for food and beverage-based cannabis products.


GREY:BLEVF - Post by User

Comment by Wallhallaon Oct 02, 2019 5:43pm
251 Views
Post# 30189480

RE:RE:RE:RE:RE:Buy now

RE:RE:RE:RE:RE:Buy nowThank you for your respectful dialogue.  My comments about bankruptcy relate to the financial statements. If we owe Auxly $6.4 million, and owe other creditors $2.9 million, but only have a few hundred thousand dollars in the bank, losses at our current capacity and need money to complete Hamilton (which we have not been able to obtain), then how do we get out of this? 

The answer cannot be "we sold London and Saskatchewan" because we will only net $2.5 million, plus $2 million from the sale of the Saskatchewan retail license, leaving us at least $4.9 million short (without the funds required to finish Hamilton or London).  

It would be great to hear the company's plan but we've heard nothing, which just adds to my concern.  What is the plan?  What is our path to profitability? 

Sorry if my tone sounds alarmist, but I have a lot riding on this and have reached the end of my rope in terms of patience to the point I can no longer wait and hope, especially after all the let downs we've had with this company.  



iPhilanthropic wrote: Hi Wallhalla,

I tend to agree with you on some concerns pertaining to the company’s progress; or slower, lack thereof.  Many other MJ small caps who’ve been around for a year or two are already seeing sales in the millions so it’s frustrating to see another quarter from Beleave, who’s been around for much longer, under one million in quarterly sales.

With that said, we (Beleave) are still growing, still selling and still expanding our product offering; when your online comments try to spread fear by stating “going bankrupt” without any supporting evidence , you’re going to be labeled a BASHER as you’ve seen from other members.

At the end of the day, you are free to post what you’d like, but most of us have been here long enough that if your intent is just to spread negativity, it’s really doing nothing, and is definitely not motivating anyone to buy or sell.

Happy trading everyone,
iP.


Wallhalla wrote: Can you honestly say things have been going well for Beleave and we should stay the course? 

There are a  lot of people like myself who have our savings tied up with the company and care about its future.

I beleive there is a future for this company, but we need to get over some serious hurdles. 

I'm sure there are a  lot of smart people on this bullboard.  Let's have a respectful, discussion so so we can all benefit.  

I will not be repsonding to your insults in the future, but welcome anything useful you can contribute.  

Stalkhouse wrote: Psssst...ur "investor" facade is gone...you're basher is showing...abort abort...then again maybe you singlehandedly caused the trades today...all $25k of them big shooter...as if...bahahahahaaaaaa

 




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