GREY:BLEVF - Post by User
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Silentbullon May 27, 2020 3:43pm
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Auxly fourth quarter report on Beleave Inc
Auxly fourth quarter report on Beleave IncAuxly 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.