Sunniva Inc (SNNVF)

[xgin]

A little news FWIW. https://www.sunniva.com/newsroom/detail/132/sunniva-inc-announces-corporate-update

[Etailer]

I have you beat lost 99.9 percent $50,000.

[Etailer]

perfect time lol

[dawood]

Should i average down?

[dawood]

Lots of NR. Maybe we will see a miracle

[dawood]

Damn never thought I’d see this. I’m down 20k i think. I’m going down with the ship

[Etailer]

They are still going. Last thing I heard was that they were trying to get the stock back trading.

[rtrstock]

This company still going? Anyway have an opinion?

[Etailer]

Nothing good that I can see

[Bossman1981]

What happened here?

[dawood]

The grays!

[Etailer]

He mentioned something about a grave yard but I didn't catch the rest of it.

CRLBF CURLF GRAMF GTBIF HRVSF JUSHF NXGWF PLNHF RWBYF TCNNF VRNOF

[Etailer]

I'm not feeling good about this one. Licking my deep wounds and moved on.

CRLBF CURLF GRAMF GTBIF HRVSF JUSHF NXGWF PLNHF RWBYF TCNNF VRNOF

[Etailer]

I have sold over half of my Sunniva. Nice $25,000 write off (Ouch)

CRLBF CURLF GRAMF GTBIF HRVSF JUSHF NXGWF PLNHF RWBYF TCNNF VRNOF

[dawood]

How can u right em off if you don’t sell?

[Etailer]

Nope, I'm holding mine to zero. It has saved me from paying taxes though.

[hdhick]

My oh My...up 140%+ now for the day.

[hdhick]

Now it has doubled today...up 100%.

[hdhick]

Up 73% today...this stock is running with the industry it seems, plus they are winding their way back into contention.

[OM33025]

Anyone around? LOL Pretty quiet here. Dates to watch are Feb 5, 2021 and Feb 12, 2021. if the creditors approve the reorganization plan on the 5th, then they will be asking the court for an order approving the plan on the 12th. Let's keep our fingers crossed that the creditors approve the plan. I don't see what they stand to gain if they don't approve it. The MJ climate and opportunity for SNNVF in the US market is the best its ever been. Their greenhouse getting finished and functioning is a gold mine.

[PotterBanker]

they put this out on a holiday???? https://www.newswire.ca/news-releases/sunniva-announces-extension-of-court-supervised-process-and-the-presentation-of-a-restructuring-plan-to-creditors-829881935.html

their mothers would be so proud.

delisting soon.

[xgin]

Links don't work.
Sunniva Inc. has just released the following news:
Sunniva Announces Extension of Court-Supervised Process and the Presentation of a Restructuring Plan to Creditors

Click here to read the full article

If you have any questions, or would like to contact Investor Relations, please reply to this email.
Sunniva Inc.
355 – 4th Avenue SW, Suite 400, Calgary, AB T2P 0J1 Canada
https://www.sunniva.com

[PotterBanker]

lol !

[dawood]

By a bag and forget about this lemon

[PotterBanker]

what will you do with $38 ?

[dawood]

I’m thinking about dumping for 95% loss. Anyone seeing a crazy pump coming.

[dawood]

I’ll buy it for $38. That’s what I’m left with.

[OM33025]

I have no idea. I was wondering who Bob was too

[PotterBanker]

go glass house! lol

and,

who the hell is this "bobs llc" company and are they operators too?

[OM33025]

We are hanging out for the same reasons. If it doesn't rise from the ashes, I want to see who gets this money-making greenhouse.

[PotterBanker]

time will tell, but after defaulting on the lease for the glass house and then the subsequent sale of it to "bob", I don't know that sunniva has any rights to a new lease with "bob".

I've been hanging around to see if some other company will end up with it, who that might be, and what they intend to do with it.

It could be one of the nicest facilities out there, but I'm not holding my breath that sunniva will be the ones operating it.

Beyond all that, after seeing this mgt completely bungle what was a "silver spoon" beginning, I have serious doubts they will be able to actually operate the glass house with any success.

midas touch.

https://www.newswire.ca/news-releases/sunniva-inc-reports-on-trustee-s-sale-of-the-cathedral-city-glasshouse-to-bobs-llc-846297842.html

[OM33025]

Yup...everything you posted is correct. However, I do believe this Phoenix will rise from the ashes stronger than before. And with Biden coming into office, it looks like MJ will be decriminalized and approved across the land. This greenhouse is state of the art in the court in Canada recognizes that the best return for the creditors is for it to continue its business plan. I am liking the odds

[PotterBanker]

yeah, they can't even get enough paperwork done to complete a filing at CSE. Delisting may occur at OTC before they get current in Canada.

Financing...? Do they have any assets left to base new financing on?

Can't imagine anyone giving these chumps more money to throw away.

Did you notice the company website has been down for a while?

https://www.sunniva.com/

can't even keep the website paid for.

toast.

[OM33025]

Board is pretty quiet. I read the report submitted by the court monitor. Recommendation is to extend deadline to January so they can complete financing.

[AskMuncher]

$SNNVF Sunniva Announces Amended And Restated Initial Order Under A Court-Supervised Restructuring Proceeding And Engagement Of Financial Advisor
Press Release | 10/20/2020
Sunniva Announces Amended And Restated Initial Order Under A Court-Supervised Restructuring Proceeding And Engagement Of Financial Advisor
PR Newswire

VANCOUVER, BC, Oct. 20, 2020

VANCOUVER, BC, Oct. 20, 2020 /PRNewswire/ -- Sunniva Inc. ("Sunniva", the "Company") (CSE:SNN) (OTC Pink Sheets:SNNVF), announces it has obtained an amended and restated initial order (the "Amended and Restated Initial Order") under the Companies Creditors Arrangement Act (Canada) (the "CCAA") and an order implementing a claim process (the "Claims Process") to identify and determine all claims against Sunniva and its wholly owned subsidiaries, Sunniva Medical Inc., 1167025 B.C. Ltd. and 11111035 Canada Inc. (collectively with Sunniva, the "Sunniva Group"). As previously reported, Alvarez & Marsal Canada Inc. has been appointed as monitor in the CCAA proceedings.

(PRNewsfoto/Sunniva Inc.)

The Amended and Restated Initial Order authorizes an extension to the initial stay period to and including November 27, 2020 (the "First Stay Extension"). The First Stay Extension is intended to allow the Sunniva Group to continue to operate as it implements the Claim Process, while pursuing restructuring options.

The Company will continue to consider strategic alternatives in order to maximize value for its stakeholders. CP Logistics, LLC, a wholly-owned US based subsidiary of the Company, has engaged Deer Pond Capital, Ltd. ("Deer Pond") as financial advisor to assist in this process. The Court has approved the Company to pay certain consulting fees to Deer Pond on behalf of CP Logistics, LLC.

In accordance with the policies of the Canadian Securities Exchange (the "CSE"), in connection with the CCAA proceedings, the CSE will be reviewing the continued listing of the common shares of the Company. The common shares of the Company have been subject to a cease trade order since June 22, 2020 for failure to file certain financial documents. Trading of the shares will continue to be suspended until the CCAA process has been completed and the cease trade order has been revoked.

For more information about the Company please visit: www.sunniva.com.

To be added to the Sunniva email distribution list please register at www.sunniva.com/email-alerts.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information or Statements

This press release contains forward-looking information or statements. All statements that are, or information which is, not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, statements regarding Sunniva's operations and growth opportunities, the implementation of a Claims Process to determine the total amount of claims against the Company, the First Stay Extension allowing the Sunniva Group to continue to operate as it implements the Claims Process, while pursuing restructuring options, the timing for the next hearing in the CCAA process, the Company's continued consideration of strategic alternatives in order to maximize value for its stakeholders, the payment of certain consulting fees to Deer Pond, and the continued suspension in trading of Sunniva's common shares, are "forward-looking information or statements". Forward-looking information or statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. With respect to forward-looking information and statements contained herein, Sunniva has made numerous assumptions including, among other things, assumptions about general business and economic conditions and that the trading of the Company's common shares will continue to be suspended until the CCAA process has completed and the cease trade order has been revoked. Such forward-looking statements are based on assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking information or statements. Such risks and uncertainties include, among others, the risk factors included in Sunniva's continuous disclosure documents available on www.sedar.com. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking information or statements. Although Sunniva has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking information or statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking information or statements. Sunniva assumes no obligation to update any forward-looking information or statements, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.

Company Contacts:




Sunniva Inc.

Sunniva Investor Relations

Dr. Anthony Holler

Rob Knowles

Chairman and Chief Executive Officer

VP Corporate Development

Phone: [phone]

Phone: [phone]


Email: [e-mail]



Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/sunniva-announces-amended-and-restated-initial-order-under-a-court-supervised-restructuring-proceeding-and-engagement-of-financial-advisor-301155530.html

SOURCE Sunniva Inc.

[xgin]

They could have been a contender! Sad.

[PotterBanker]

looks like delisting at cse soon

then the otc side would become a gray zombie for a while, lol.

"In accordance with the policies of the Canadian Securities Exchange (the "CSE"), in connection with the CCAA proceedings, the CSE will be reviewing the continued listing of the common shares of the Company. The common shares of the Company have been subject to a cease trade order since June 22, 2020 for failure to file certain financial documents. Trading of the shares will continue to be suspended until the CCAA process has been completed and the cease trade order has been revoked."

[xgin]

https://www.sunniva.com/newsroom/detail/118/sunniva-announces-amended-and-restated-initial-order-under

[xgin]

https://www.sunniva.com/newsroom/detail/117/sunniva-announces-a-court-supervised-restructuring

[dawood]

I got a heavy bag also. $2 a share heavy. Locally invested a lot in Trulieve. That is best in show. I’m not sure we will get anything from this lemon. Damn it showed promise!

[PotterBanker]

doubtful.

I've been checking in every now and then just to see who ends up with the big glass house.

[ROCKHard]

Holding the bag a long time here as it's dropped next to nothing. Is there any hope whatsoever for getting say $0.30/share of my money back from this disaster? Their website is absolutely pathetic and no help whatsoever, and they haven't returned phone calls. Does anyone here know WTF is going on, and if so what's the story? Any realistic chance of it surviving and reviving?

[PotterBanker]

Hmmm, so now Bob scrapes off the residual tenant (sunniva) in arbitration?

or does sunniva continue to lease and try to operate with Bob as the landlord....???

Reverse merger with Bob's LLC perhaps?

Bob's buys out sunniva?

wtf next?

Did they ever put out anything about trying to get the CTO in canada lifted?

[xgin]

And the glass house now belongs to Bob! https://www.sunniva.com/newsroom/detail/116/sunniva-inc-reports-on-trustees-sale-of-the-cathedral

[PotterBanker]

this mgt team like a black hole.

[xgin]

They owe the finders fee. https://www.sunniva.com/newsroom/detail/115/sunniva-reports-court-judgment-on-notice-of-claim-with

[xgin]

Yawn. https://www.sunniva.com/newsroom/detail/114/sunniva-inc-announces-closing-of-the-sale-of-its-okanagan

[PotterBanker]

A well positioned company could pick that killer glass house up and run with it.

but yeah, not these clowns.

[xgin]

Where's the like button. How did they screw up such a good thing?

[mazzjazz]

Even if they do, consider how long it will take them to finish the facility and start selling product. Clowns.