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Relevium Technologies Inc V.RLV.H

Alternate Symbol(s):  RLLVF

Relevium Technologies Inc. is a Canada-based company, which operates in the health and wellness industry with a primary focus on online distribution. The principal business of the Company is the identification, evaluation, acquisition and operations of brands and businesses in the health and wellness markets with a focus on e-commerce. The Company operates through two wholly owned subsidiaries, BGX E-Health LLC and Biocannabix Health Corporation Inc. BGX E-Health LLC markets dietary supplements, nutraceuticals, sports nutrition, and cosmeceuticals, primarily through its Bioganix brand portfolio online in the United States. It provides a Push & Pull System by Bioganix. Push & Pull System is a comprehensive natural anti-aging system for complete skin care that combines collagen protein supplements (PUSH) and naturally sourced aloe vera skin anti-aging cream (PULL).


TSXV:RLV.H - Post by User

Post by AlwaysSkepticalon Apr 26, 2021 8:36am
146 Views
Post# 33065407

The problem with RLV

The problem with RLVIn order of importance :

1. It has burned through every penny of cash it has raised, and owes millions that it was unable to pay on time;

- Where is the next pile of cash coming from?  Share dilution

2. It has destroyed the one business it has: Bioganix revenues down 90% from peak.

3. It has failed to deliver on anything since that acquisition in 2017.

- Blockchain
- acquisitions (Cannakids, Weedsense...)
- new product launches (omega 7, walmart, hand sanitizer, push-pull....)
- Biocannabix spinoff

4. It has paid out millions in consulting fees to its CEO and his friends, with nothing to show for it.

5. It continues to lose millions annually, with no end in sight and no tangible book of business in almost 300 days.

PS: There are very few shares shorted versus the 200+ million shares outstanding.  Shorts aren't the issue: chronic mismanagement and lack of a vision are why this stock is at 2.5 cents.
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