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.

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Beleave Inc > Sooooo, what happened to $2.5M in vape pens sold?

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Comment by Wallhallaon Apr 30, 2020 6:53am

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Post# 30970032

RE:Sooooo, what happened to $2.5M in vape pens sold?

Crazy thing is that when Kevin stated they were shipping over $2.5 million of vapes in December 2019, they were sitting on $120,807 of finished oil products, with $468,864 work in progress. Nowhere near enought to meet an order of over $2.5m. Maybe they confused a supply agreement with a purchase order. Provincial supply agreements are signed first, followed by purchase orders on an as needed basis, but they are not guaranteed sales until POs are cut.

GreatGabbo wrote: Let’s get the elephant out of the room here, what the hell happened to the promise made of $2.5M in vape pens sold?

What an absolute JOKE of a company. Management robbed us all blind and people are still on here talking about a potential turnaround.

*NO MONEY LEFT
*DEFAULT ON ALL LOANS
*COGS HIGHER THAN REVENUE
*I COULD KEEP GOING BUT IT DOESN’T MATTER ANYMORE.

This was one of my worst decisions ever. Hope these guys pay the price for their crimes.

GreatGabbo