Brazil $ strengthens against Cdn $Hello fellow Verde shareholders,
Upating my quarter end valuation spreadsheets I noted that the March 31, 2022 exchange rate is back up to where it was almost exactly 2 years ago (March 28, 2020) at R$1 = Cdn$0.27, after having been down as low as Cdn$0.22 in October 2021. That's a 22.7% increase off the October low and a 17.4% increase over the December 31, 2021 year end number used in the audited financial statements.
We should see a nice exchange gain reported in the Q1 numbers, on top of what should be record Q1 gross revenue and net profit results.
Cheers,
S.