Naturally Splendid Enterprises Ltd V.NSP.H

Re: curc2020

[odzie1]

From there last raise of 2.5 million Proceeds of the Offering will be used for expansion of Naturally Splendid's existing facilities, product development including clinical trials and working capital purposes.

[G1945V]

To my knowledge, there has not been any information provided by NSP that the $2,5 Mil offering has actually closed. Am I correct on this? G1945V

[Curc2020]

Correct.  with the following stated in their MD&A I would suspect that they will not fully close this PP. "For the six months ended June 30, 2021, the Company had a net loss and comprehensive loss of $1,750,988 (2020 - $2,428,944) and working capital deficit of $3,137,466 (December 31, 2020 - $2,429,906).   The Company remains reliant on external sources of financing to

[Curc2020]

From the last raise of $2.5 million they spent approximately $22,000.00 on the Clinical trial development as per the MD&A. That wound not even pay the consultants salary.