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Beleave, Inc (BLEVF)

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                                                                                                         https://beleave.com/      

         

Beleave Announces Second Quarter of 2018 Results

PR Newswire

TORONTO, Nov. 29, 2018

51% increase in revenues from Q1
with 250% increase forecasted for Q3
Strong Revenue Growth Expected for rest of Fiscal 2018

TORONTO, Nov. 29, 2018 /PRNewswire/ - Beleave Inc. (CSE: BE) (OTCQX: BLEVF) ("Beleave" or the "Company") announces today the release of its Interim Condensed Consolidated Financial Statements for the second quarter ended September 30, 2018, together with its Management, Discussion and Analysis ("MD&A"). These documents will be posted on the Company's website at www.beleave.com and SEDAR at www.sedar.com. All values in this news release and the Company's financial disclosures are in Canadian dollars unless otherwise stated.

SECOND QUARTER 2018 OPERATIONAL AND FINANCIAL HIGHLIGHTS

This was a landmark quarter for Beleave as sales from Cannabis began and new distribution channels for the upcoming quarters were established. The Company had revenues of $315,617 that didn't include recreational sales that began in October, however it was an improvement over last quarter's revenues of $208,617.

Significant reductions in costs were evident and, most notably, management and consulting fees were reduced substantially to $161,123 from the previous quarter. Salaries, professional services and change in fair value of note payable reductions were also very significant. On a comparative basis, the net loss in Q1 2018 was significantly reduced in Q2 2018 to $4,804,994, or $0.01 per share, as management focuses on cost reductions and revenue growth for the future.

"We're happy to report on our second quarter that included many highlights and developments for Beleave," said Andrew Wnek, Beleave's CEO. "We announced substantial facilities projects in London, Ontario and British Columbia, acquired Seven Oaks to bolster our recreational product lines, expanded our Medi-Green network of stores in Ontario and Quebec, and moved forward with plans for Colombian operations. We look forward to an even stronger third quarter that will reflect recreational sales and increased revenues."

Beleave also wishes to advise that it is named in a temporary order issued by the Executive Director of the British Columbia Securities Commission (BCSC) concerning certain purchases of and trading in the securities of Beleave and 10 other CSE issuers by a group of consultants referred to as the "BridgeMark Group". Beleave is examining the matters raised by the BCSC, and the underlying contracts, and the services provided by members of the BridgeMark Group. Beleave intends to cooperate fully with the BCSC's examination of these matters.

 



                                                                           
 
Beleave Inc. ("Beleave" or the "Company") is a biotech company focused on the production of medical marijuana in Canada. The Company's wholly owned subsidiary, First Access Medical Inc., has received a license to cultivate medical marijuana at its facility pursuant to the Access to Cannabis for Medical Purposes Regulations outlined by Health Canada. The Company is actively working towards its sales license, the development of patents through research with Canadian institutions and the research and development of smoke harm reduction products.
 
Market Cap
49,065,730 06/12/2018
 
Authorized Shares
Unlimited 08/17/2017
 
Outstanding Shares
41,581,127 03/02/2018
 
Float
39,356,627 03/02/2018

Company Website


 
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#490  Sticky Note Beleave Provides Update on B.C. Indoor Facilities Nelly 15 10/26/18 12:10:35 PM
#564   *NEWS Link, “Beleave Announces GMP Certification and mdsone 12/14/18 05:21:13 AM
#563   Good news is no worries about a pump mdsone 12/12/18 09:02:31 PM
#562   SEC or Canada trade investigations are never a mdsone 12/10/18 03:18:00 PM
#561   Accurate Billydakidd 12/03/18 10:13:54 AM
#560   Link to conference call in writing.https://seekingalpha.com/article/4225725-bele mdsone 11/30/18 10:55:14 PM
#559   https://beleave.com/wp-content/uploads/2018/06/Beleave_PressRelease_SecondQuarte mdsone 11/30/18 04:05:29 PM
#558   Been watching for a few weeks now. No Paramedic 11/30/18 10:38:55 AM
#556   This came through on my Fidelity news feed: Johnk59 11/29/18 07:07:24 PM
#555   Any news on these earnings? Blue Horse Shoe1 11/29/18 05:27:29 PM
#554   Any news on these earnings? Blue Horse Shoe1 11/29/18 05:27:28 PM
#553   Yes, the forward split happened, and yes the mdsone 11/28/18 06:56:44 PM
#552   Does anyone know when the 7 for 1 Investorhawk 11/28/18 12:11:07 PM
#551   *MUST READ* for those left, might be hope mdsone 11/27/18 10:59:32 PM
#550   Tumble weed rolls by******> mdsone 11/27/18 10:47:34 PM
#549   Would someone like to acquire mine for the bixliebob 11/20/18 07:20:41 PM
#548   Insider Buying: Beleave Inc (BE) Director Acquires 60,000 bleep12 11/20/18 08:50:29 AM
#547   Has the forward split taken place yet? According Investorhawk 11/16/18 03:00:46 PM
#546   Nice ! MADDSTACKER 11/15/18 11:57:34 AM
#545   NEWS!! https://www.ftmig.com/cannabis/beleave-announces-development-of-cannabis- Jdoggg 11/15/18 09:29:25 AM
#544   I think they all would be.. cause the mdsone 11/13/18 06:11:21 PM
#543   TDAmeritrade waiting on instructions from Company to post bleep12 11/13/18 08:43:55 AM
#542   $BLEVF and CIIX watching MazelTov 11/12/18 09:25:19 PM
#541   Beleave Introduces 90 New Cannabis Varieties as it jerseyfish 11/12/18 02:07:15 PM
#540   https://external.fewr1-3.fna.fbcdn.net/safe_image.php?d=AQALijaLjmp4Vza2&w= jerseyfish 11/11/18 06:46:37 AM
#539   Now I'm seeing the increase in my share bixliebob 11/10/18 08:16:16 AM
#538   I'm seeing the same quantity of shares I've bixliebob 11/09/18 04:04:14 PM
#537   FTMIG Interviews Bojan Krasic, President & CFO of Jdoggg 11/09/18 02:28:12 PM
#536   Quess I better get some tickets for the mdsone 11/09/18 02:09:55 PM
#535   Sounds like totally separate deal MADDSTACKER 11/09/18 02:03:04 PM
#534   I Agree good numbers, does this mean they mdsone 11/09/18 01:59:27 PM
#533   Should be 36 m contract per year just MADDSTACKER 11/09/18 01:53:33 PM
#532   Well now they are finally talking about generating mdsone 11/09/18 01:52:07 PM
#531   Seems like good deal ! MADDSTACKER 11/09/18 01:04:56 PM
#530   Beleave Announces Strategic Alliance Agreement with Rollins Group Nelly 15 11/09/18 12:26:42 PM
#529   31 store deal out !!!! MADDSTACKER 11/09/18 09:00:51 AM
#528   Beleave Inc. (CSE: BE) (OTCQX: BLEVF) ("Beleave" or Nelly 15 11/07/18 09:22:36 PM
#527   Over the last year, the Company has made Nelly 15 11/07/18 09:21:05 PM
#526   what doe this company do besides split its Blue Horse Shoe1 11/07/18 03:02:21 PM
#525   Has anyone recieved their shares from the forward BuyItLowSellItHigh 11/07/18 11:55:18 AM
#524   INTERVIEW TODAY WITH BELEAVE CFO BOJAN KRASIC!! https://www.facebook.com/Follo Jdoggg 11/07/18 11:13:30 AM
#523   If you go on the CSE BE page Nelly 15 11/06/18 07:38:37 PM
#522   Well at least it was a fwd split Nelly 15 11/06/18 04:39:40 PM
#521   Thank you. So any news at all Blue Horse Shoe1 11/06/18 04:16:28 PM
#520   I think it will create more volume compared Nelly 15 11/06/18 03:53:19 PM
#519   I just forget how record and settlement dates nowwhat2 11/06/18 03:30:58 PM
#518   I have been through a split before and Nelly 15 11/06/18 03:21:14 PM
#517   Beleave Announces Seven-for-One Share Split Nelly 15 11/06/18 03:16:23 PM
#516   I am a tad confused too. It is Nelly 15 11/06/18 03:13:05 PM
#515   Totally confused here now... nowwhat2 11/06/18 02:29:23 PM
#514   Same here it says i got +44% yet Davidbike 11/06/18 12:42:18 PM
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