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Forte Group Holdings Inc C.FGH

Alternate Symbol(s):  FGHFF

Forte Group Holdings Inc., formerly BevCanna Enterprises Inc., is a diversified lifestyle and wellness consumer packaged goods company. The Company, through its subsidiaries, is focused on developing, manufacturing and distributing lifestyle and wellness consumer packaged goods for in-house brands and white-label clients via a multichannel sales network. Its segments include Conventional Beverage and Ecommerce. It offers alkaline and mineralized beverages and supplements. It owns and operates around 40,000 square feet beverage manufacturing plant. It owns a naturally alkaline spring water aquifer located on site. It manufactures and markets the TRACE brand of Blackwater and alkaline waters, concentrates and shots to retailers and online across Canada. It plans to sell a range of nutraceutical health products on its e-commerce platform in the United States. The product segments cover life longevity, heart health, sleep health, brain support, general wellness and natural slimming.


CSE:FGH - Post by User

Comment by shnepson Jan 13, 2022 11:16am
91 Views
Post# 34312801

RE:RE:RE:RE:SHNEPS

RE:RE:RE:RE:SHNEPSJust did a quick check Sal and my posts average about 50 or so reads. There are only a couple of people that use the thumbs up here but who cares.
I have had numerous private messages supporting the comments to which you have no knowledge.
Other conversation boards mention the postings here as well.
The DD I perform here is merely to try and understand how your buddies get away with what they do, I find it very intriguing, knowledge in what to look out for in bad management and I have no problem sharing my findings from the pubically available information.
To this day not a single commentor has posted any information to refute the information I've posted.
The only one was Luca's email in which he stated they had lots of water available for the plant. I've already posted the available water rights for the plant backed up by the email from Ray Reilly (BC water management) refuted this information as non factual.
I am by no means out for vengeance but I 'm throughly disgusted by what they do to their shareholders behind closed doors.

Truly says something doesn't it.
In reference to your maximum allowable water usage per day I remind every body that it was only 7% of your annual bottling capacity. Good luck bring new lines on plus the bottled water.

"Good Morning Jen,
 
I contacted the Cranbrook office last week with some questions related to a couple of existing water permits, just east of Osoyoos, and was told you were the person looking after these permits.
 
The two permits (on three well tags) belong to the Naturo Group in Bridesville.
The first permit is #500917 associated with well tags #109955 and #109661. This permit is indicated as having a yearly withdrawal rate of 289,560M3 and is for irrigation purposes.
 
The second permit  is # 500917 with the associated well tag #113928. This permit is for a yearly withdrawal rate of 3,120M3 and is the Naturo Springs water bottling facility. Previously Miller Springs.
 
I am looking to invest in the company and want to confirm some statements they have made.
 
The second permit is for the bottling facility and I asked them if they have applied to increase the allowable amount of water to be extracted for bottling purposes. They have stated they can utilize their permit and wells for irrigation and divert it to the bottling facility, thereby allowing them to extract 292,680M3 as opposed to the 3,120M3 currently.
Is this correct?
This is not correct. In order to use the water from the irrigation licence, a licence amendment would be required. That amendment would go through a technical review and a statutory decision would be made on the application. Only if this process is followed, AND granted by the statutory decision maker, would it be possible to use this water for water bottling.
 
Miller Springs was purchased by the Naturo Group in 2015. Have they applied for the permit to increase the allowable extraction per year (for the bottling facility) within this timeframe to the present?
I don’t know, I’ll leave it for Ray to confirm.
 
If so was this approved or denied?
Uncertain - It was later determined to have been denied.
 
I see by the Hierarchy Mountain well reports that the aquifer table levels are consistently dropping every year. Is this a concern presently that Aquifer 809 is being drawn down too rapidly?
In speaking with Ray, it sounds like the general area has water availability and scarcity concerns, but I don’t know any specific details.
 
Naturo Group states they have preapproval with the land commission to expand the existing bottling from 40,000sq ft. to 170,000sq. ft.. Obviously this would also require substantially more water to be drawn for accommodation of the expansion. Is this allowable?
Any increase in water for water bottling would require an application for a new water bottling licence. The process would require a full technical review and statutory decision. There is no pre-approval for water licences. For more information on water licence technical review, please go to the link here.
 
The reason I ask the questions is because they currently have a bottling facility that can produce 210,000,000 bottles per year but the permit would only fill 7 million bottles per year. They state they will have no issues increasing their water extraction requirement. They merely meter their yearly usage and request an increase for the next year. Is this correct?
Currently, there is only the one licence you mentioned that legally permits the diversion and use of groundwater for water bottling – which is a total of 3120 cubic meters per year. Any increase would require a new water licence application as mentioned above."

That translates to 3,120,000 litres of water per year maximum amount that can be drawn from the aquifer.
With that the bottled water business is and ecommerce both contributed $3.2M in loss revenue last quarter.
Nothing too make money at is there?
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