RE:the state of being responsible for something Since you don't understand finance you're just going to make stuff up? That's not how business works, kiddo :)
Namaste's financial obligations are almost 15 quarters worth of gross profit if you had no other expenses to pay. For those who don't know, that means even with zero overhead including salaries, it take them almost four years to pay the liabilities off... that's some context for you. they have about $6M per quarter in existing expenses in which they usually have $500-$600k of gross profit to pay... now listen to the lying lhama talk about "profitability"... it's a complete joke, they have no ability to stop bleeding, likely ever
whisky11 wrote: "liabilities" is very very wide term it covers rental of equipment ,mortgage and legal dispute.
I think two years back they put $90million from the class action as liability. N had to pay $500,000 namaste money, rest of that(Close to $5 million) was paid by insurance
Liability...the state of being responsible for something, especially by law....
CannMart Inc. entered into a definitive supply agreement with 8528934 Canada Ltd. d/b/a 7ACRES [AKA Supreme Cannabis FIRE.T] dated January 24, 2018 under which it committed to purchase a minimum annual quantity of 1,000 kilograms of premium dried cannabis flower at $6 per gram within the calendar year 2018. The Company is currently disputing its obligations to the seller under the definitive supply agreement and the amount payable thereunder remains uncertain at this time.