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Nutritional High International Inc. Ordinary Shares SPLID

High Fusion Inc is engaged in the manufacturing, processing, and distribution of infused edible products. The company's operating and geographical segments include Palo Verde; Pasa Verde; Oregon; Colorado; Nevada and Washington. It generates maximum revenue from the Palo Verde segment.


OTCPK:SPLID - Post by User

Post by GrahamBon Jul 24, 2021 9:43pm
481 Views
Post# 33601527

Recent Financials

Recent FinancialsHaven't checked in here for a while, but I see the finacials were released a few weeks ago.

'Pretty rough read- 6.9 million in losses, massive shareholder deficit, and the auditor was replaced.

Ouch.

'Anything I am missing?


"As at April 30, 2021, the Company had working capital deficiency of $3,833,686 (July 31, 2020 – $20,563,341), spent $27,377,832 (2020 - $1,040,320) of cash for operating activities, had not yet achieved profitable operations, had accumulated losses of $66,314,345 (July 31, 2020 - $69,546,199), had shareholders' deficit of $2,640,563 (July 31, 2020 - $21,899,403 deficit) and expects to incur further losses in the development of its business, all of which describe the material uncertainties that cast significant doubt upon the Company’s ability to continue as a going concern"

www.sedar.com
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