RE:RE:Water SourceI have already posted this information twice but I will do it again for you. Note the water source valuation is Dec 31st 2020.
The announcement of the acquisition was 19 days earlier.
"9. WATER SOURCE AND LICENSE
The Company has the right to use and extract groundwater from a certain property located in the Yale Land District of British Columbia (the “Water Source”) pursuant to a license issued under the Water Sustainability Act of British Columbia. The Water Source is an aquifer. The bottling plant of the Company is connected to a production well and the Water Source. On initial recognition, the Water Source was measured at $8,000,000. The Water Source was valued using the Relief from Royalty method (the “RFR Method”), which is based on the proposition that a company would be willing to pay a royalty in lieu of ownership, to possess the benefits of the Water Source. The resulting cash flows are discounted using a rate to reflect the risks of achieving the projected royalty savings attributable to the Water Source. The assumptions used to estimate the fair value of the Water Source are subjective and require significant judgment, including estimated future volume, the royalty rate (which is estimated to be a reasonable market royalty charge that would be charged by a licensor of the Water Source) and the risk adjusted discount rate. Significant valuation inputs include:
Infinite useful life of the Water Source;
Projected production volume on two production lines with volumes between 8,400,000 gallons per year and 21,000,000 gallons per year;
Industry average royalty rate of 8%; and
Range of discount rates adjusted for asset-specific risks to the Water Source of 23.9% to 26.1%. Management believes that any reasonably possible change in the key assumptions would not cause the Water Source carrying amount to exceed its recoverable amount.
During the year ended December 31, 2020, the Company conducted impairment testing on the water source and license assets and determined no (2019 – no) impairment charge was required."
As for the current valuation there has not been one done and the last engineers qualifications were discredited.
If you actually read the information I post i.e. the last post and link you would actually find the information instead of just automatically trying to discredit me.
As for the back door dealing Marcello Leone and Martino Ciambrelli were CEO and President of both companies so ultimately they are responsible for Naturo and Bevcanna's business dealings.