Post by
ChoklatBrad on Jul 07, 2024 11:02pm
Now Let's Talk About Lifeist's Fraudulent Accounting
In 2019 they bought 49% of my company from me for $1.5 million in cash.
Company valued at $3 million.
I used 100% of that money to buy new equipment, inventory, and pay for cannabis related renovations and licensing fees.
This increased the value of the company even from an asset valuation.
In February 2020 we secured a $2million PO from AGLC.
In November 2020 Sundial announced a supply agreement with my company.
In December Lifeist wrote down their entire investment in my company to ZERO.
Today my company is worth more than Lifeist and their investment has significantly appreciated. Why is it still $0???
FRAUD