RE:Q2Thanks for the summary. Including Monday's dividend, total dividends paid by QCA to date = $0.0383
mercedesman wrote: Despite the write-down NAV/sh is at .24.
Meaning that currently, the SP trades at about a 60% discount to a key measure of underlying value.
As of Aug 25, Cannabis stocks (about 42% portfolio) are up 10-12% since June 30th (may not be reflected until next Qtr end Sept 30). Russell small cap index up about 15%
MD&A tidbits:
Quinsam continues to consider new cannabis sector investments. However, management is primarily interested in investments in other small cap market sectors.
Non Cannibis sector invesments 42% of total portfolio
Loans & Convertible Debentures 43% of total portfolio
During Q2 2022, the Company did not participate in any investing activities
Net cash flows provided by operating activities for the six months ended June 30, 2022 was $1,682,953, as compared to net cash flows used in operations of $403,212 in 2021.
. The Company anticipates that future dividends will be sustainable and it will revaluate the payment of dividends to shareholders, as required.
The provision for the 2021 management bonus had since been reversed. As at June 30, 2022, no management bonus was included in accounts payable and accrued liabilities
MM