Maven Brands Inc C.MJ

conference call transcript

[LWillingdon2001]

https://seekingalpha.com/article/4281473-true-leaf-brands-inc-trlff-ceo-darcy-bomford-q4-2019-results-earnings-call-transcript

Things of note:

We recently signed a memorandum of understanding with a leading pet are distributors in South Korea called [indiscernible] and by solidifying relationship with key distribution partners for China, India and Australia.

New True Leaf CBD line will be unveiled next month during the SuperZoo Trade Show in Las Vegas on August 20 to 22.

We are submitting our final information package to Health Canada this week. And our facility is ready for inspection, which is a little timeframe to receive what is called a license to grow to the next stage is 4 to 8 weeks. The completion of the current phase of True Leaf Campus is a significant milestone for True Leaf, and brings the Company is one step closer to becoming a licensed producers cannabis in Canada.

And we also expect to finally to get our license to grow cannabis under the Canada's Act in Canada six years later, it’s been a very long week for us, so we done everything completely by the book and we have the company reviewed by contract two weeks ago and he said it was the best facility he has ever seen so we are very happy and look forward to receiving that license to grow hopefully sooner than later.

Question number 10. What are the capital needs for the company in the next six months?

I think there will be similar scope slightly higher than what we have seen in fiscal 2020, which is mainly associated with investments and selling and marketing costs to continue expanding our store counts and product. We also expect to incur some additional costs associated with the True Leaf Campus facility and CBD line.

Another key milestone is receiving our licensed producer status in Canada to grow and sell cannabis and in the cannabis act. We also intend to accelerate growth by identifying key acquisition targets with joint ventures in the pet health, wellness and cannabis space. We intend to take a disciplined approach here by looking for targets that can grow our short-term revenues and also make long-term strategic sense.

[OK_trade]

Thank you for the info!

[LWillingdon]

Most welcome 

[MESSAGEmadeHERE]

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[BoardWalk2015]

very nice Dary and Team, thank you very much for providing the transcript and responding to the typical shortsighted questions purtaining to revenue projections (enduring) , anyone that sells or swing trades this stock will be sorry, as True Leaf Brands has $100 USD potential all over it, larger than EVERY Canadian competitor. Conference call transcript: https://seekingalpha.com/article/4281473

[MAILman]

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[layton88]

Moron ignored