Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Mar 02, 2022 3:23pm
124 Views
Post# 34476325

RE:RE:Is Bev going private?

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.

<< Previous
Bullboard Posts
Next >>