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Ventura Cannabis and Wellness Corp CVHIF

Ventura Cannabis and Wellness Corp is a vertically integrated, California-based products cannabis company. The company is currently building out its distribution channel through revenue-sharing agreements with owner-operator of cannabis dispensaries to ensure it's products get premium shelf space. The Company plans to target four segments in the U.S. cannabis and CBD market with products suited to their needs: senior citizens, upwardly mobile middle-aged female professionals, upwardly mobile middle-aged male professionals and individuals suffering from addiction.


GREY:CVHIF - Post by User

Comment by DashForCashon Apr 25, 2020 10:52am
110 Views
Post# 30953005

RE:RE:RE:RE:RE:RE:RE:RE:RE:Heath was not voted in at the AGM - he was appointed..

RE:RE:RE:RE:RE:RE:RE:RE:RE:Heath was not voted in at the AGM - he was appointed..Great summary - thanks for the work Iscfa. Certainly paints the picture of incentive for success for Heath. I am not in the camp that he is trying to tank this for subversive means. I do not mean this in a pom pom cheering way as we are so apparently stuck at present, but I can't help but review the obvious positives as noted before - among others, hard to get California licenses for manufacture, vapes, edibles, regular general cannabis sales, delivery licenses, cash in the bank ($2.5M?), no debt, a cashflow positive dispensary in Oregon (my guess is $40-60K net annually), etc. Other positives? We have next to no staff after Heath and the finance department (one? two? Are they sticking around while this sits?) lease, utilities, property taxes, etc. should not be extreme - would think our burn rate should be somewhat reasinable - am I wrong? I guess I continue to wonder - can we chill, conserve cash and wait out the 280e tax change and/or federal recognition of cannabis change that could possibly happen in the next 12-18 months? And as opposed to what? Share price has tanked - can't sell - forced to wait and hope for a surprise turn around? A surprise company personal addition? A surprise active board addition? Hard to be positive at all at this point...but not sure what else to do??? As always - open to comments...DFC
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