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Bullboard - Stock Discussion Forum Gnomestar Craft Inc VDQSF

Gnomestar Craft Inc. is a Canada-based craft cannabis company. The Company is engaged in the medical and recreational marijuana business. It operates in one business segment, the marijuana industry. The Company produces hand trimmed cultivars in its 12,000 square foot indoor facility in Delta, British Columbia.

GREY:VDQSF - Post Discussion

Gnomestar Craft Inc > Bankruptcy Knocking: VP HAS NEGATIVE EQUITY
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Post by Predator2018 on May 28, 2020 11:20am

Bankruptcy Knocking: VP HAS NEGATIVE EQUITY

From Q3 2020 Balance sheet, total liabilities exceeds total asset resulting in negative equity of 883K. No revenue. Looks to be in serious Financial HARDSHIP. NEEDS TO RAISE CAPITAL ASAP to survive. More dilution and possibly another 1 to 20 consolidation.
Comment by holdings on May 28, 2020 12:36pm
Look what Budd22 wrote on May 23rd - if thats the case, they will be out of the deficit quickly. "The delta facility can do 1500kg or 1.5 million grams of craft cannabis annually at full capacity. Craft cannabis sells for more than what other kinds would which is good for VP.  We need an update to what they're gonna do with it. I know Earl has connections to the big boys in Aurora  ...more  
Comment by Predator2018 on May 28, 2020 2:00pm
It is definitely clear you are new to this messy company. The USA property ran at a loss for many years before they were kicked out.of the property and banned from going near it. Previous management was a disaster and they filed claim more than 200k against the company for salary in court. The Delta property is on lease and they must pay around 30k monthly to keep it running. I seriously think ...more  
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