Indiva Ltd NDVAF

Primary Symbol: V.NDVA.H

Healthcare

Indiva Limited, through its indirect wholly owned subsidiary, Indiva Inc., is a Canada-based producer of cannabis servicing the medical and recreational markets. The Company is engaged in producing and selling cannabis products. It focuses on the production and processing of edible and extract cannabis products as well as packaging of edibles and extracts. Its brands include Pearls by Gron, Bhang Chocolate, Indiva Doppio Sandwich Cookies, Indiva 1432 Chocolate, and No Future Gummies and Vapes, as well as other Indiva branded extracts. Its product category includes edibles, capsules and tablets, and vape. Its edibles include Vanilla Double -Stuffed Chocolate Cookie, and Golden Vanilla Double Stuffed Cookie. The Company sells its cannabis products to consumers in the recreational market in the provinces of Ontario, British Columbia, Alberta, Quebec, Nova Scotia, Saskatchewan, Manitoba, New Brunswick, Prince Edward Island, Newfound.

TSXV:NDVA.H - Post by User

Indiva Ltd > No insiders buying

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Comment by davgroon Jul 19, 2022 4:02pm

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Post# 34835396

RE:RE:RE:RE:No insiders buying

I too would like to know the source of the information on the company's current cash position and the date same was disseminated.

With lower Q2 revenues expected and acknowledged by management, payment of quarterly finance costs of about $1.1M (including interest on the Sundial loan), capital expenditures and the normal quarterly cash burn, it is hard to believe that a debt or equity financing is not being considered in the near future.

As per Item 3. Going Concern in the most recent Q1 Financial Statements (see link below):

"The Company expects it will need to raise additional financing in the form of debt and/or equity in order to fund continuing operations, loan payable and convertible debenture repayments, and capital expenditures. Even if the Company has been successful in raising funds in the past, there is no assurance that it will manage to obtain financing in the future."

https://drive.google.com/file/d/17cUfksEyXttdq2SvYkT0Zkm_Xri-pqFA/view?usp=sharing

nedstar71 wrote:

QCINDIVALUVIN wrote: Yes, they are around 2millions and won't have to raise money from what I got told but since then, the SP keeps dropping and no insiders are buying so it shakes my co fidence for sure

I'll ask again since you didn't answer the last time. Who told you this and you say "since then" meaning when did they tell you this? Also, I believe insiders would be in a blackout period between quarter ending and releasing financials. Not that that's any excuse for the period before July 1st, but given the share price performance since then that just makes them good investors ;-)