Due to the nature of their business model, compensation including payments to contractors was $1.078M. The net income for the quarter ended March 31, 2018 was a loss of $150K. A review of past statements suggests a major investment into marketing and sales is the primary driver of the loss including for the year ended December 31, 2017. Will this trend continue to reverse? Time will tell but being amongst the first to enter the medical cannabis benefits arena may prove to be a first mover advantage. There is no reason why employers could not have two benefits plans for staff – their current one and a second for medical cannabis. Trade unions could offer the NexgenRx plan to its members etc.
StarSeed Holdings Inc in Bowmanville Ontario (the Bennet Rd North location divested by Canopy Growth) is a private LP (dealer’s license) but has said it is working with a large plan provider to provide benefits coverage (CLICK HERE).
We predicted years ago in these pages that this day would come. But this has a spillover effect because it will maintain and increase the demand for high quality medical grade cannabis – exactly what LPs may need as the compete for market share recreationally and the likely hood of falling prices for cannabis due to increases in supply. A legal recreational market validates and legitmizes the medical stream.
LIBERTY LEAF HOLDINGS LTD
Your Cannabis Friendly Homes and Lifestyle
Private Investment Opportunity
CLICK HERE: https://canrve.com/
“… we recognize the present and future value of their holdings. Liberty Leaf is extremely attractive, especially in the value-added CBD/THC pet product market, where the metrics and economics have substantial additional upside…"
- Dave Doherty, President and CEO, Rockshield Capital Corp. (CSE:RKS;OTC:CRUOF;FRA:6BC)
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Louis Kyron, CPA, CGA
Editor in Chief
@LouisKyron