RE:RE:Is Bev going private? These guys could sell out at any price and make money with all the shares they have given themselves.
Remember the fact Bevcanna paid the following:
"As at September 30, 2021, the Company recognized goodwill of $36,766,344 (December 31, 2020 - $3,209,198) upon the completion of the acquisition of Pure Therapy and Naturo. This goodwill represents the excess purchase price paid by the Company over the fair value of net tangible and intangible assets identified in the calculated purchase price."
This almost $37M was paid out because the companies (Pure and Naturo) are supposed to have great prospective futures. But in reality is they are both money losing ventures and have been for some time.
"For the nine months ended September 30, 2021, Naturo has contributed a net loss of $2,222,124 (2020 - $nil) to the consolidated statements of comprehensive loss of the Company."
"For the nine months ended September 30, 2021, Pure Therapy has contributed a net loss of $1,098,518 (2020 - $nil) to the consolidated statements of comprehensive loss of the Company
This will equate to an approximately $4.5M loss per year that shareholders paid almost $37M bonus money for.
And guess who benefitted from this bonanza?
Congratulations on being shafted again by backdoor deals.
Don't think Embark was any different either, look at today's share price as Embark investors sell off.