Statehouse Holdings Inc STHZF

Primary Symbol: C.STHZ

Healthcare

StateHouse Holdings Inc. is a vertically integrated omni-channel cannabis company. The Company’s business consists of retail sales, including direct to consumer and delivery, cannabis processing, extraction and product manufacturing, including white label production of cannabis products for other cannabis companies, and wholesale sales, including the sale of cannabis flower and trim into the wholesale market. The Company operates approximately 14 dispensaries covering Northern and Southern California and one in Oregon, distribution facilities in San Jose and Los Angeles, California and integrated cultivation/production facilities in Salinas and Greenfield, California. It offers a range of cannabis brands, including Fuzzies, Loudpack, King Pen, King Roll, Dimebag, Harborside, Harborside Farms, KEY, Terpene Station, Sublime, and Urbn Leaf. In addition, the Company also licenses the Smokiez brand in California.

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Statehouse Holdings Inc > STHZ: Only 3 million left in cash

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Post by Flagshipzillaon Aug 30, 2023 11:26pm

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Post# 35613159

STHZ: Only 3 million left in cash

The CEO said we would be cash flow positive as of Q3. I really hope so. If not, as the company warned in its MD&A for Q2cthat things won't be too rosy. The loses in the 2 previous quarters took all its cash.

Now Pelorus the company that financed the reverse take-over/merger is now giving them some business which seems odd to me.

Due to the price of Canabbis own down substancially, the reverse take-over/merger added nothing to our bottom line and just left us with expenses we can't handle.

I've take a few positions, but nothing above 2 cents. Big plans and no forsight has killed this company.

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