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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 25, 2022 12:11pm
91 Views
Post# 34358420

RE:RE:RE:Embark Health

RE:RE:RE:Embark HealthWhen is the lease due?
If a new owner purchases the property they have three options.
1. Run the term of the lease and ask them to leave.
2. Terminate the lease with cause. i.e. they are moving in.
3. Negotiate a new lease term.
The other aspect is who owns the building? This I have not looked into but almost always the building and land is owned by one of the principal investors of the company and then leased back to the company because they can write off expenses, inflate lease payments, have the company pay for all the upgrades to the facility and pay down the principal on the property through the company.
i.e. Naturo Investments and Bevcanna Enterprises
Remember how much Bevcanna paid upfront for the lease agreement with Naturo, how much they were paying (per year with no production) for over two years in payments, how many millions of dollars Bevcanna shareholders invested into Naturo's property, and then once completed, sell the overvalued assets to Bevcanna.
Sound fimilar.
Look into the vast majority of these companies and their land/building assets and this is what you will find.
Selling the building can have everything to do with the company moving forward.

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