Some me some facts if that is true probally bests bought some?
Beleave Announces Approval for Sales in Alberta
Mar. 02, 2020 5:05 PM ETNewsfileBeleave Inc. (BLEVF)
Toronto, Ontario--(Newsfile Corp. - March 2, 2020) - Beleave Inc. (BLEVF) (CSE: BE) (OTC: BLEVF) ("Beleave" or the "Company"), a licensed producer of cannabis and cannabis-derived products, announces that it is now approved for sales in the province of Alberta.
The province, with over 400 licensed stores, has more retail locations than all other provinces combined and reported CAD $255 million in legal cannabis retail store sales in 2019 (as reported by StatsCan), making it the second largest in provincial retail cannabis sales.
"We're very excited for the opportunity to be distributing our cannabis and cannabis-derived products in Alberta," said Kevin Keagan, Beleave CEO. "The province's cannabis market, and extensive network of licensed retail outlets, presents an enormous opportunity for Beleave as we expand our footprint across Canada."
The Company looks forward to updating the market further as first orders and shipments are expected in the coming weeks.
Subscription Agreement Announcement Correction
The Company wishes to correct an error in its press release issued February 26, 2020. The correct number of common shares issued in connection with the Company's financing coordinated through Shaxon Enterprises is 9,342,561, rather than 1,500,000. The Company raised gross proceeds of CAD $270,000. This correction does not change any other amounts or information reported in the February 26, 2020 press release.
About Beleave Inc.
Beleave is an ISO certified, Canadian cannabis company headquartered in the Greater Toronto Area that cultivates high-quality cannabis flower, oil and extracts for medical and recreational markets. Beleave is fully licenced to cultivate and sell medical and recreational cannabis and is leading the way through research partnerships with universities to develop pharma-grade extracts and derivatives.
Beleave is developing new product lines, including cannabis-infused products, oils, vape pens, and other novel cannabis delivery methods for 2020. Beleave has developed a network of medical cannabis clinics in Ontario and Quebec under the Medi-Green banner.
Investor Relations Contact:
Chief Executive Officer
Phone: 1 (647) 449 - 7352
This news release contains "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). The use of any of the words "plan", "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and other similar words, or statements that certain events or conditions "may" or "will" occur are intended to identify forward-looking information. These statements are only predictions. Although the Company believes that the expectations and assumptions on which the forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. This information speaks only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents, which can be found under the Company's profile on www.sedar.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53043
Beleave Provides Bi-Weekly Default Status Update
Too much drama in the report for me. Might take another look if Auxly or TerraFarma gets control. imho glta
Hoping the delay in financials is related to the TerraFarma merger under consideration. This is the last week of the reported 30 day time period for a decision.
If it's a done deal it might need to be reported as a subsequent event in their report, and could be the reason for the delay. Plus we should be getting a bi-weekly default status report soon that might explain the delay.
Hoping that TerraFarma takes control of Beleave, and gets their house in order. Their executives have much more experience running successful companies. Also interested to see if TerraFarma purchased the London facility, which would be a smart move if they are acquiring. imho glta
Beleave Announces LOI for Leaseback of London Production Facility and Sale of Lloydminster Retail Space
It seems reasonable to think TerraFarma is the private purchaser of the London facility. If the business combination is still happening then it makes sense to keep London in the family. Good move if that's how it works out.
Hoping Beleave can beat its previous quarter on tomorrows earnings. Maybe pop over $1M for a little positive momentum. Also higher margins would be nice. Plus the normal stats like grams sold, inventory on hand, and biological assets currently in production.
Lots of important news coming up in the next few weeks. imho glta
Beleave confirms that it will file its audited annual financial statements and management's discussion and analysis for the twelve months ended March 31, 2019, by August 30, 2019.
Legacy to legal: Is there a legal equivalent to legacy strains consumers have known and loved?
Health Canada Is Overwhelmed with Cannabis Research Applications
Beleave's New Research License Allows for Further Optimization of Cannabinoids for Capsules and Edibles
Glad Beleave got their research license last week. Just in time for cannabis 2.0 product approvals. imho glta
EXPANSION BELEAVE INC. GETS SHAPE!
All of this will result in an ultra-modern cultivation facility, in which plants can grow under optimum conditions. We are proud of another great project overseas!
Looking good Beleave/TerraFarma/Auxly.
Sorting cannabis oils by popularity on Wiid Boutique's website shows Beleave's Ultra Sour Oil at #4 of 37 total oils. Ahead of some huge names in the industry.
Smart to name the oil after the strain, that's the information customers want. Not some company generated name like Renew or Sunset. What does that even mean.
Beleave also has 2 strains of dried flower in the top 25, Pink Kush & Cold Creek Kush, out of a total 103 strains. Beleave might not have a lot of product yet, but what they have appears to be popular. imho glta
News-Beleave's New Research License Allows for Further Optimization of Cannabinoids for Capsules and Edibles
Liking the thin shell THC powder caps, over the thick shell gel caps. You'd think they'd be faster to act. Now partner up with Auxly/Imperial Brands for vape pens, and TerraFarma/Thrive for QuickStrip's. imho glta
Rapid Dose Therapeutics and Thrive Cannabis Sign Manufacturing Agreement for QuickStrip™ Cannabis Products
Cannabis oil kills bacteria better than established antibiotics
We might see a higher price per share due to a reverse split that sometimes happens in a reverse takeover. Never liked the 7/1 forward split that preceded the rapid decline in the share price. Beleave turned into a shorts stock after that. Would like to see it reversed back to the original o/s or lower. Beleave made some bad decisions with their shares, but that one could be reversed. imho glta
Learn Cannabis: What Are Landrace Strains?
Ok... interesting... I guess in 30 Days we will.. see. Hope it is a better stock pps in the future.
Sounds like a reverse takeover to me, where TerraFarma would become the parent, and Beleave a subsidiary. The press release did mention exchanging Beleave securities for TerraFarma securities.
Another possible outcome could be TerraFarma absorbs Beleave under the TerraFarma brand, and the Beleave brand goes away. This would be my preference since Beleave doesn't use the same ultra premium Landrace genetics TerraFarma uses.
TerraFarma appears to target the high end market. Beleave/7Oaks is more of a mid tier brand price wise. Simpler to change the name to avoid customer confusion over genetic quality differences between the brands. Top quality is what consumers want. Always imho glta
Beleave Announces Non-Binding LOI with TerraFarma Inc.
what is going on on here? stock haults.. no explainations? any answers?
TerraFarma's management team looks like the real deal to me. The CEO is a Professional Engineer with two MBA's, and a history of success. The whole Management Team & Board of Directors are loaded with success stories from the business world.
These professionals should be able to get Beleave's expansions up and running in quick time. They built their first 10,000 sq ft indoor facility in 90 days. If they can speed the process up for Hamilton & London profits could come sooner than expected.
Beleave is the perfect take out target for for a private company going public. Beleave has the right kind of assets without a ton of debt. The 85 acre London facility with 250,000 sq ft greenhouse could be producing premium landrace cannabis before 2020 with TerraFarma's quick to build engineering expertise. The 91,000 sq ft Hamilton expansion is already on schedule for completion before 2020.
For all its missteps Beleave has secured some valuable real assets with major pontential in the right hands. Looks like we will know if TerraFarma is those hands in 30 days. Beleave shouldn't give the farm away, but don't expect the world either. Just get the deal done, and keep moving forawrd. imho glta
Beleave Announces Non-Binding LOI with TerraFarma Inc
ABOUT TERRAFARMA INC.
TerraFarma is a privately-held, vertically-integrated cultivator and processor of premium and ultra-premium cannabis and cannabis offshoots, founded in 2018, with production facilities in Jarvis, Ontario. TerraFarma's wholly-owned subsidiary Thrive Cannabis holds production, sales and outdoor cultivation licenses from Health Canada. Thrive Cannabis is currently developing premium brands for the Canadian recreational market that will commence distribution in 2020 and beyond.
If there's any house cleaning left to be done, now would be a good time to do it. The new independent directors were put in place to make the hard decisions necessary to restore investor confidence in Beleave after the last trading halt. Hopefully the current halt is the independent directors taking control of the company, and getting Beleave back on the right track financially, and personnel wise.
On a more positive note Beleave products are still in stock online at The Ontario Cannabis Store, BC Cannabis Stores, and Wiid Boutique in Saskatchewan. Currents strains available are Ultra Sour, Pink Kush, San Fernando Valley, Cold Creek Kush, and Shishkaberry.
As long as this trading halt doesn't hamper production or expansion I can grudgingly accept it. Any further missteps and I'm out.
Always imho glta
I agree that a buyout is a strong possibility. Their growth/expansion plans are very aggressive yet beyond their current capabilities without a third party either helping/or acquiring them.
Kevin Keagan is active on the Beleave forum on Facebook and says 'I don't envision any issues just taking longer than expected'...unfortunately we have no control so lets see what plays out.
Rumors swirling on the boards about Beleave's trading halt. One is a Beleave buyout is in the works. This would make sense if the current internal audit is to determine Beleave's market value before a sale. Any acquirer would want the books gone over with a fine tooth comb.
This audit came up unexpectedly immediately following another audit that restated their financials upward, and reportedly incorporated the new financial reporting requirements now in effect. Why they needed another last minute audit is still a mystery.
If it is a buyout the stock could remain halted until the deal is done. Personally I'd rather see Beleave take on a deep pocketed strategic partner like Auxly with an long term wholesale supply agreement. More upside for investors once Beleave hits the profits the CEO anticipates for early 2020.
All conjecture at this point. imho glta
They seem to be heading in the right direction since the new independent directors were added to the board. The BCSC matter was settled, Hamilton expansion actually happening, and now internal audits to get the financials right. Minor setback with the late filing, but for the sake of accuracy its worth it. imho of course.
It is pretty obvious they are in a state of disarray and that is what XLY does. It would not surprise me if they are considering a buyout. I just want it to start trading again. There is still some meat on the bone.
Would like to see Auxly take a ownership interest in Beleave with a long term agreement to supply flower for their upcoming vape pens etc. The certainty of supply would be good for both. imho
I am right there with you.
I will be a buyer at anything below the current share price.
The license is worth more than the current valuation, IMO.
I would think a company like CBWTF / XLY would be a buyer since they already have a vested interest. But what do I know.
Still no Bid/Ask numbers.
Hoping to get some bargain shares tomorrow to average down. The CEO has already stated that Beleave's current cultivation footprint produces approximately $5,000,000 in annual revenues in his recent interview. The company anticipates $50,000,000 annually when the current expansion is fully operational. Late filing is pretty common on the OTC, more interested in supply agreements, and new strains of dried flower & concentrate products. imho glta
ETRADE is not showing any Bids or Ask.
Has the stock been halted??????
Beleave's streaming partner Auxly just hit the jackpot. Tobacco giant Imperial Brands is investing $123 million, plus global licenses for their best of class vaping technology & IP.
Auxly has a strategic investment in Beleave to help fund the current expansion. Hopefully this partnership will expand to include Beleave branded vape pens using Auxly's newly licensed vaping technology.
Beleave's CEO mentions they will be entering the "highly lucrative" vape pen market in his Midas Letter interview. Auxly would be the logical partner already having a financial relationship with Beleave. Hopefully this relationship will continue to grow in the future. imho glta
Cannabis Wheaton and Beleave Sign Definitive Agreement for up to $10,000,000 in Debt Financing (Auxly formerly Cannabis Wheaton)
Auxly Welcomes $123 Million Investment and R&D Partnership with Imperial Brands
Beleave Inc (CNSX:BE) Evolving Novel Brands for High Customer Demand
Beleave currently producing 900,000 grams annually using only 2000 sq ft of cultivation space, according to the CEO interview on Midas Letter. Double the industry average for cannabis production.
Beleave's Master Grower must be a cannabis whisperer. If they can get the same yield from the new 57,000 sq ft of cultivation expansion underway they would be producing 25,650,000 million grams annually. Wow!!! Like :) imho glta
Blue Dream Strain Review + NEW Info
Looking forward to Beleave's upcoming release of Blue Dream which will be available soon according to their website. This popular strain should be a big seller for the company. imho glta
New must see interview with Beleave CEO.
See what Beleave CEO, Bill Panagiotakopoulos had to say on
@MidasLetter today in regards to what bright future is in store for Beleave.
How to Identify and Shop for High-Quality Cannabis Oil
Cannabis industry gets crafty with terpenes
News-Canadian cannabis LPs line up to swipe CannTrust's medical patients while sales are offline
Perfect timing for Beleave to release its new THC Oil to capture CannTrust's THC Oil users, in addition to their dried flower users. Beleave is also in the same area as CannTrust with its Medi-Green clinics in Ontario. CannTrust's 70,000 patients have to switch LP's quickly, and Beleave is well positioned with clinics in Perth, Kingston, & London, Ontario. imho glta
If Beleave can get its Hamilton expansion finished as quickly as they anticipate, 2020 should be a great year. With the company projecting 50 million in annual revenue they could reach profitability before the big box growers. Now they just need to secure enough supply agreements to offload $50M worth of product. Good start with Beleave products already in four provinces. imho glta
Beleave Receives Green Light for Building Permit as Hamilton Phase 2 Expansion Moves Forward
New photo of expansion progress on twitter. Moving quickly. Like :)