RE:RE:RE:Canada House Wellness Shareholders Approve 30 To 1 Share ConI’m not defending the company, but I thought I would clear up some confusion that seems to be here. The 30:1 share consolidation was voted in favour at the AGM. That doesn’t mean it is happening right away. Apparently, it will only occur with “substantial good news.” I guess we will see.
Also, at the AGM, they shared the latest income numbers up to November. Between the clinics and Abba, CHV is pulling in 340k per month. So just enough to cover CCS’s salary, lol. Like everyone, I’m also not happy that he’s taking that big of salary considering where our SP is.
The big push now is the Quebec market. They’re trying to be “seed to sale” all in Quebec to capture the “buy local” mentality there.
Sales are increasing, clinics are doing well, and the patient count is growing daily. I guess we’ll see on the next financials what shape we are in.
If the company can show that it’s growing and sales keep increasing, and it’s obvious we don’t need to raise more money, the RS could work in our favour to attract new and institutional investors. If they aren’t making money and need to raise capital, the RS will undoubtedly be the final nail in the coffin.
GLTA
Gmoney$