Ventura Cannabis and Wellness Corp CVHIF

Just Talked To My Brooker

[Duster340]

he says no one in canada can trade cvhif (vcan) the cto is still in place because they did not file documents. so anyone that has sold  must be an american.

[davgro]

This is not accurate.  Read the filed CTO order for yourself.  Speak with the compliance department not your broker. I was the one that did the original investigations on this with the assistance of a Bay Street securities lawyer.  There are many members here who have successfully sold their CVHIF shares through different investment brokers.  Some as recently as this week

[dileas48s]

I just want to echo davgro's remarks.  CVHIF is 'sellable' by anyone who is a shareholder in Canada and you are getting incorrect information if you talk to someone who says you can't.  It's true we can't buy it. I'm more convinced now that when I was told about a week ago that I could not sell that I got an iTrade rep who didn't know what he was doing,

[DashForCash]

So Dileas and/or others if you don't mind - you sold your shares to salvage essentially anything - correct? And then have locked in your capital loss (against future gains)...but how do you see classifying the eventual shares of Vibe? As in for tax purposes? Comments anyone?

[dileas48s]

When the deal was announced all of my remaining shares were in my registered accounts - TFSAs and RRSPs - so there was no loss for me to realize - except my tears - lol. In June of 2020 I did sell 15,000 shares from my non-registered account and took the loss.  I got $0.075 for those shares.  I did take the loss for those shares and that has been helpful for my 2020 taxes. The

[DashForCash]

Thank you kindly for those comments - the description would be my understanding as well - unless anyone adds anything different or additionally.

[DashForCash]

Would love to hear from our numbers specialist over the years on this file ISCFA

[lscfa]

From mgmt circ.... Residents of Canada   The following portion of the summary applies to Holders who, at all relevant times are, or are deemed to be, resident in Canada for purposes of the Tax Act (a "Resident Holder"). Generally, where a "public corporation", as defined in the Tax Act, reduces the paid-up capital in respect of a class of its shares, the amount

[lscfa]

p.s. the mgmt circ was all about approval of the 2nd distribution as a return of capital. The 1st distribution is probably treated as a dividend. Can anyone who has received the distributions please confirm how their broker classified the journal entries. For those that got the distributions credited to their account in 2020 please tell us how their tax slips included the distributions. 

[DashForCash]

Excellent commentary ISCA - appreciated!

[Bgptr1234]

I sent an email to the CFO of VIBE and he responded quickly I asked for an update this was his response Peter Vibe has issued the shares and the first batch should be out of escrow any day now and the second batch should be out of escrow in May What is your broker telling you as numerous shareholders have received their shares and warrents already Mike

[Bgptr1234]

So nice to see a company that responds to shareholders inquiries quickly Unlike VCAN ever did He responded within 2 hours

[Michael4444]

I sent one to VIBE (general email) three days ago - still waiting for a reply!

[TheProphetElijah]

volumes drying up here, no more interest.

[lscfa]

I doubt we see anything in our accounts until the 6 month hold period ends in May. Someone really screwed up. 

[dileas48s]

Well, I'm more worried that our warrants expire without being able to exercise them!

[Trooperhobo]

I'm a little concerned that VIBE management may accelerate the timeline for exercising the warrants, given they are in money at current SP....if we don't have them in our accounts...bad move.  Will need to watch this and scream blue murder if it happens.

[Hiimehab]

When does the warrants expire? Why would they be accelerated?

[Trooperhobo]

Sept 21 and October 30 2020.  Mgmt may accelrate the date if they see the warrants considerably in the money - just an observation based on other experiences.  May not happen since we don't have the warrants in our accounts yet.

[dileas48s]

Generally speaking if there is an acceleration clause it's mentioned in the PR that announces a deal, and in our case there is no mention - so I assume that it's a standard 12 month window. It really would drive me off the deep end if they were able to accelerate the warrants before I can even use them.

[lscfa]

There's no accelearation clause.    11b) Warrants Pursuant to the acquisition of CAHC (Note 3(b)), the Company issued 800,000 warrants exercisable at $0.60 (CAD) expiring on September 17, 2021.  

[lscfa]

16. SUBSEQUENT EVENTS Except as disclosed elsewhere in these consolidated financial statements the Company has the following subsequent events: On November 9, 2020, the Company completed the acquisition of Portland Asset Holdings Corp. Vibe issued 3,112,092 shares and 1.2 million warrants exercisable for 12 months at a strike price of $0.62 (CAD) per share. The PAHC acquisition includes a

[TheProphetElijah]

volumes coming back, looks like interest after all.  Mysterious accumulation continues.