Death Certificate issued on Sedar PASHA BRANDS LTD.
CONSOLIDATED FINANCIAL STATEMENTS For the year ended September 30, 2019 and 2018 (Expressed in Canadian dollars)
1. NATURE OF OPERATIONS AND ABILITY TO CONTINUE AS A GOING CONCERN
The Company's ability to continue in the normal course of operations is dependent on its ability to raise equity financing.
The Company has no revenues, has accumulated loses for $55,175,203 and working capital deficiency of $26,389,342 as at September 30, 2019.
These factors indicate the existence of a material uncertainty that may cast significant doubt about the Company’s ability to continue as a going concern.
These financial statements do not include adjustments to amounts and classifications of assets and liabilities that might be necessary should the Company be unable to continue operations.