48North Cannabis Corp. V.NRTH

Financials - 34 mill deficit

[420man]

Wondering how much revs / loss  will be this quarter . Any guesses? Do they add unsold inventory to assets? When will real revs start coming in? Yeah they have cash but almost equivalent to the deficit . You think they'd put out more info on their oil products in Canada since most of the crop is supposed to go to that. Have seen edibles and vape / drinks from other CO's. Looking forward to the earnings call and to hear how much they have 'learned' . 

"The Company has financed its working capital requirements primarily through equity and debt financings. The Company incurred a net loss of $8,127,074 and negative cash flows from operations of $5,329,845 during the year ended June 30, 2019 and, as of that date, the Company had a deficit in the amount of $34,352,055. The Company’s ability to continue as a going concern is dependent upon its ability to commence profitable operations, generate revenues there from and raise additional financing as needed to meet its obligations. While the Company has been successful in raising financing in the past, there is no assurance that it will be able to successfully obtain additional financing as needed. 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"