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Bullboard - Stock Discussion Forum Maven Brands Inc C.MJ

Alternate Symbol(s):  TRLFF

Maven Brands Inc. is a Canada-based licensed processor serving the burgeoning craft cannabis community in Canada with a full suite of production, processing, and packaging solutions. The Company, through its subsidiary, Maven Cannabis, owns and operates an approximately 19,500 square foot cannabis facility at the 40-acre Monashee Gateway Business Park, situated in the Village of Lumby at the... see more

CSE:MJ - Post Discussion

Maven Brands Inc > enough said
View:
Post by LWillingdon2001 on Mar 03, 2020 12:42pm

enough said

200 k less revenue (basically $142 per store )
100 k less expense
100 k more comp loss
same loss per share 
no new partner for campuss
no specific plan
time for new CEO? 

Looks like I know what I have to do. Time to find right exit place. So unfortunate. 



Selected Quarterly Results of Operations (Expressed in Canadian dollars unless otherwise indicated)

 

Three Months Ended

Description

December 31, 2019
$

September 30, 2019
$

Revenues

491,040

706,752

Total operating expenditures

(2,175,877)

(2,242,125)

Loss and comprehensive loss for period

(2,010,308)

(1,889,107)

Basic and diluted Loss per share

(0.02)

(0.02)

 
Comment by layton88 on Mar 03, 2020 2:50pm
How does a new CEO fix the overall market right now. Look at Weed, Aphria, and Acb. Is that our Ceo's fault they are down, as well,  sheesh. He articulated the issues with the market  numerous time in the past year and you still bash away. I for one think things will turn and have patients for that. Cheers :). 
Comment by LWillingdon2001 on Mar 03, 2020 3:22pm
I hope you are right. CBD and hemp market doing very well actually. 3500 stires 500k revenue isnt a great return is all im saying. This isnt a pure weed play and Darcy says so himself. I simply have lost faith in his ability to lead this company to profitability. I hope im wrong i have a ton of shares and not pleased to say the least. As a share holder I am not happy with current direction and ...more  
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