VIVO Cannabis Inc. V.PDA

RE:.... a raise

[Schaffhausen]

I'm genuinely surprised by this action.  This seems idiotic to raise at 0.15 when you make the statement on page 14 of the prospectus:

"On the basis of the foregoing, and taking into account its expected revenues for the noted 12-month period, the Company expects to be able to continue operations using it's currently available non-contingent resources for at least the next 12 months."

Would you not be patient and wait for a better opportunity to make the raise when SP is respectable?  The prospectus says that the use of any raise would be for:

"The Company expects to utilize the proceeds of the offering to continue expanding its core business through strategic partnerships and acquisitions, and new product development. Through the shelf prospectus, the Company hopes to be well situated to capitalize on potential accretive opportunities as they arise, particularly as the cannabis industry continues to consolidate. The Company has not entered into any letters of intent or settled the terms of any specific acquisition, joint venture or other strategic opportunity at the present time. However, the Company is actively assessing market opportunities on an on-going basis"

They better follow through. This cash better not end up funding operations.  Lets wait to see the follow up news, and hope it is an immediately accretive aquisition.

Cheers,

Schaff