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

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Post by Silentbullon May 27, 2020 3:43pm

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Auxly fourth quarter report on Beleave Inc

Auxly Beleave

Total other losses

Fair value changes on financial instruments included in this section arise on changes in value of promissory notes and level two securities held. For the year ended December 31, 2019, the Company reported a $6.5 million fair value loss, as compared to a $2.7 million dollar gain in the previous year. Fair value changes in 2018 reflected market optimism and rising prices of actively traded securities. Fiscal 2019 saw a market decline in the cannabis sector. Further, Auxly recorded a fair value loss of $5.7 million on the debt obligation receivable in product equivalent from Beleave as reported earlier in the year.

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