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Bullboard - Stock Discussion Forum Ventura Cannabis and Wellness Corp CVHIF

Ventura Cannabis and Wellness Corp is a vertically integrated, California-based products cannabis company. The company is currently building out its distribution channel through revenue-sharing agreements with owner-operator of cannabis dispensaries to ensure it's products get premium shelf space. The Company plans to target four segments in the U.S. cannabis and CBD market with products suited... see more

GREY:CVHIF - Post Discussion

Ventura Cannabis and Wellness Corp > Complaints to BCSC
View:
Post by Michael4444 on Dec 07, 2020 10:36am

Complaints to BCSC

Has anyone had any feedback from the BCSC?
Comment by DashForCash on Dec 07, 2020 11:43am
Nothing yet that I can report
Comment by BigDaddy13 on Dec 07, 2020 7:02pm
I received an email that basically told me nothing of value or to add to the topic. 
Comment by Trooperhobo on Dec 07, 2020 8:47pm
Got the same ......I think they got the message. 
Comment by DashForCash on Dec 08, 2020 8:34am
Add me to the list - also got the email...now let's see some action on the clarity as to where the helll are our shares...NOBODY trusts Heath so please assist in reviewing how we get our shares ASAP.
Comment by Michael4444 on Dec 08, 2020 8:56am
I presume that we all received the same form letter sent by Adrianne, and that will certainly have been noted that we all wrote about the same time.  One thought that I had, does it matter that the share have been delisted, i.e. do they still have juristiction over the shell company?  
Comment by Pleasegoup on Dec 08, 2020 10:41am
Yep, response from Adrianne: Thank you for contacting the British Columbia Securities Commission (BCSC) about Ventura Cannabis and Wellness Corp. Your information is important to us. The BCSC investigates to enforce compliance with the Securities Act and to sanction securities market misconduct. We also refer and forward information to other regulatory jurisdictions, or self-regulatory bodies ...more  
Comment by TheProphetElijah on Dec 08, 2020 10:49am
BC Securities must be tired of hearing about this stock.  How many times in the last few years did we threaten to report them - lol!
Comment by Pleasegoup on Dec 08, 2020 2:45pm
Ok so I was sent a follow up email from BCSC: Good afternoon, Further to our email below, our Corporate Finance division has reviewed material the company has filed on SEDAR, and noted that the companys shareholders approved, at the last AGM, payments to shareholders within 24 months of the closing of the transaction. Payments to shareholders are to be made as soon as practicable, but within 24 ...more  
Comment by Pleasegoup on Dec 08, 2020 2:46pm
Apologies for formatting issues.
Comment by Trooperhobo on Dec 08, 2020 3:01pm
got the same email...probably end of story for them.
Comment by lscfa on Dec 08, 2020 3:10pm
If you believe the Heath email the Vibe shares/wrts are in the hands of the transfer agent with instructions to distribute to shareholders. Most VCAN shares are registered in street name (i.e.bbrokers name) so the disributions first go to the brokers and then onto individual shareholders accounts. I'm getting the run around from TDW and Odyssey so I have aske TDW to contact Odyssey and get it ...more  
Comment by Michael4444 on Dec 08, 2020 4:27pm
I wrote back to Adtianne, and thanked her.  Also told her that we were just as concerned abouit the non-appearance of our VIBE share - could she assist? Quick change of subject - there are 3 classes of VIBE shares (CNX, CXB and CX2).  Do we know which class we are being allocated?
Comment by Michael4444 on Dec 09, 2020 3:43pm
Oh my!  I just received this reply from Adrianne: "The VIBE shares are also subject to the “as soon as practicable, but within 24-month” time period mentioned below, which was agreed on." It looks as though we may be in for a long wait - let alone the 6-month hold that was part of the agreement. I think that we may have been shafted!
Comment by lscfa on Dec 09, 2020 3:46pm
who the hell is Adriane and doesn't she know that some shareholders on this board have already received Vibe shares?
Comment by Michael4444 on Dec 09, 2020 3:50pm
She is the one who replied from the BCSC - I am assuming that she has perused the document more carefully than I did!
Comment by lscfa on Dec 09, 2020 4:26pm
bubba got his shares/wrts.... https://stockhouse.com/companies/bullboard/cvhif/ventura-cannabis-wellness-corp?postid=32046877
Comment by lscfa on Dec 09, 2020 4:07pm
The 2 year time line is for the liquidation of the assets that remain AFTER the Vibe shares/wrts are distributed to VCAN shareholders. The circ. estimates it could be $600,000 cdn ( $0.016 per share) but I think sleazy mgmt will take their time and keep drawing a salary until it runs out.  
Comment by TheProphetElijah on Dec 09, 2020 4:13pm
wow we're over a month into this and still a world of confusion over what should be a straight forward deal for shares. And CVHIF up 65% today just because.
Comment by WinnersRide on Dec 09, 2020 11:12am
Junk. Sorry to anyone who lost here.