RE:RE:RE:RE:RE:RE:RE:RE:Bevcanna's Pure Therapy Reports Record Monthly Revenue
I can't blow smoke and make their financials look good, they are terrible. They do have a couple of deals in the works that will get them to break even and continue buying time until these co packers like Bevcanna are ready to go.
The 77 million may be the convertible number of shares that would dilute the share structure if the shares are all converted and sold off. The total liabilities in the last financials was 12 million and about 8 million of that can be converted into shares. That only leaves about 4 million bucks of longterm debt once all the shares are converted.
I would be heavily on Sproutly being a main piece of the puzzle. OILS process is great for what it is, but it is emulsion and that is a technology that just cannot compete in the longterm plans for THC or CBD drinks.
If it's not Sproutly it may even be a company like Willow Bioscience that is growing the THC and CBD in a lab atmosphere, the consistancy of products like that could be another avenue the drinks market heads down.
Either way it goes, the bottling facility just puts another input into the system and continues producing. Bevcanna's agnostic approach to the inputs they use will isolate them from these technology variances that are yet to be formed in an industry that has just begun.