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Forte Group Holdings Inc C.FGH

Alternate Symbol(s):  FGHFF

Forte Group Holdings Inc. is a diversified lifestyle and wellness consumer packaged goods company. The Company develops and manufactures a range of alkaline and mineral-enriched beverages and nutraceutical supplements for both its TRACE brand and private-label clients. It operates through two segments: alkaline and mineralized beverages and supplements and eCommerce. The alkaline and mineralized beverages include the development and manufacturing of the TRACE brand and other beverages and supplements. The eCommerce segment includes direct-to-customer sales of natural health products. The Company owns a pristine natural alkaline spring water aquifer and operates a 40,000-square-foot, Health Canada-and HACCP-certified manufacturing facility near Osoyoos, British Columbia. The Company’s distribution network includes traditional retail and e-commerce channels, delivering wellness-focused products directly to consumers through its innovative offerings.


CSE:FGH - Post by User

Comment by shnepson Jan 27, 2022 1:21pm
92 Views
Post# 34367395

RE:Shleps Lets discuss

RE:Shleps Lets discuss1. Not sure what your point is about Embark?
Total portfolio value is $37.2M and that includes the $4M cash.
You only missed by $7M.

2. If you are referencing WeedMe Rx its parent company is Entourage Health and it's a financial disaster waiting to implode. See below:

"As of September 30, 2021, the Company had a negative working capital of $41,561,813 (December 31, 2020 – working capital of $45,060,143) and an accumulated deficit of $151,712,400 (December 31, 2020 - $117,286,441). For the nine months ended September 30, 2021, the Company used cash in operating activities of $21,261,745 (nine months ended September 30, 2020 - $28,368,835), resulting primarily from the net loss of $34,425,959 (nine months ended September 30, 2020 - $44,062,088) offset by items not affecting cash such as depreciation, amortization, stock-based compensation. The Company has insufficient cash to fund its planned capital investments and operations for the next twelve months."

They increased their credit facility because they burn through over $6M a month, they make zero gross revenue on their sales.
LIUNA is there for the slaughtering of the lambs.
"They are building shareholder value".
Seriously, I guess you had a narcoleptic nap when you read this line -

"That 61% gap of the share price to NAV gap has signicantly increased as the current share price is now $0.048. Hygrovest needs/wants to divest Embark and Bevcanna shares.

Wakey, wakey.
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