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Vertical Peak Holdings Inc C.FUZN


Primary Symbol: C.MJMJ

Vertical Peak Holdings Inc. (Vertical Peak) is focused on developing and manufacturing branded products in the cannabis industry with a specific focus on flower, pre-rolls, vapes, edibles and oil extracts for medical and adult recreational use. The Company operates and controls licenses in California, which include manufacturing, retail and cultivation operations in California. The Vertical Peak's main portfolio includes the OutCo and Thrive brands.


CSE:MJMJ - Post by User

Comment by GrahamBon Dec 09, 2021 6:23pm
299 Views
Post# 34216519

RE:RE:RE:Halted

RE:RE:RE:HaltedAnd the reason for failing to file is likely not good.
The last financials:
"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. The ability of the Company to continue as a going concern is dependent on its ability to obtain further funding, manage cash flows, restructure borrowings and recover funds loaned to borrowers that have currently been provided against or recover collateral that secured those loan"
www.sedar.com
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