RE:RE:Bevcanna Partnership? Re: Gotime2
Bartenders refer to this as fluffing the tip jar.
Press Release BevCanna Engages Venture Liquidity Providers for Market Making Services
VANCOUVER, BC, October 6, 2020. Emerging leader in infused cannabis beverages, BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) (“BevCanna” or the “Company”), announces that it has retained Venture Liquidity Providers Inc. (“VLP”) to provide market-making services. The market making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd. in compliance with CSE policies. VLP intends to buy and sell shares of BevCanna on the CSE for the purpose of maintaining an orderly trading market or providing liquidity in the Company’s shares. The term of the agreement is one year and may be terminated by either party immediately upon receiving written notice. In consideration of the services to be provided, BevCanna has agreed to pay VLP $5,000 monthly.
https://webfiles.thecse.com/BevCanna_NR_Oct6.pdf?NfvHwF15VFkm4uj_2cpLaGxS9bLaiTv4
Gotime2 wrote: It's interesting to see BevCana trading at a significant market cap with no sales. I believe it will take some time to develop a market for their products.
once producing and distributing beverages, their plant has a huge production capability. I asked nextleaf management if Bevcanna was producing at full capacity how much of nextleafs oil production would be committed to them. The answer was 100%
this market could take some time to grow, but has huge potential