Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thoughtful Brands May 28, 2021 update on the CSE site states they expect to file their delayed audit documents on or before June 14, 2021 https://webfiles.thecse.com/TBIMCTOUpdate.pdf?njXvekXt6bYUNXWt2BhbBE8tkjcbUAYK
For the love of god, let it be good THOUGHTFUL BRANDS INC. ANNOUNCES DELAY OF FILINGS
Vancouver, British Columbia, Canada – April 29, 2021 – Thoughtful Brands Inc. (CSE: TBI),
(OTCQB: PEMTF), (FWB: 1WZ1) (the “Company”) announces that it is anticipating a delay in
filing its audited financial statements for the year ended December 31, 2020, and the related
management’s discussion and analysis, and CEO and CFO certifications (collectively, the
“Required Filings”), which are required to be filed on or before April 30, 2021.
In connection with the anticipated delay, the Company has applied to the applicable Canadian
securities regulators requesting that a voluntary management cease trade order (“MCTO”) be
imposed to restrict trading in the Company’s securities by insiders of the Company, as opposed
to a general cease trade order, which would restrict all trading in the Company's securities. If
granted, the MCTO will be in effect until the Required Filings are filed or until it is revoked or
varied.
The majority of the Required Filings have been prepared, but the Company is unable to complete
and file such materials as a result of delays associated with collection of the required data and
documentation to complete the audit of the Company and its various subsidiaries. Restrictions
on travel resulting from the ongoing COVID-19 pandemic have limited access to operations in the
United States and Europe. The Company is continuing to work with its auditors to complete the
required audit work, and the Company expects being in a position to file the Required Filings no
later than May 14, 2021.
The Company confirms that it intends to satisfy the provisions of the alternative information
guidelines described in sections 9 and 10 of National Policy 12-203 – Management Cease Trade
Orders for so long as it remains in default of the requirement to file the Required Filings. The
Company has not taken any steps towards any insolvency proceeding and the Company has no
material information to release to the public. The Company has made t
Thoughtful Brands Up to Date Summary >>> https://ca.proactiveinvestors.com//companies/news/922063/thoughtful-brands-has-strong-footprint-in-thecbd-and-nutraceutical-product-markets-922063.html?SNAPI
Someone buying this after the 10:1 split? Today +590%
Good terms: In addition to the above, the Company announces that it has issued 3,460,636 common shares
as repayment to settle a USD$150,000 debt to Juan Patricio Villalba Gomez at a deemed price
of CAD$0.055 per share. Mr. Villalba Gomez has agreed to accept common shares using the
Bank of Canada closing rate on February 10, 2021 of CAD$1.2689. All common shares of the
Company issued to Mr. Villalba Gomez will be subject to a thirty-six month time release escrow
following the NP 46-201 release schedule, such that 10% are released on closing with the
remaining shares released in 15% increments every six months.
"The positive changes in the market during Q1 2021 within the cannabis and CBD sectors were key factors in the decision by management to not move ahead with the FCC acquisition. Over the past two quarters, the Company has focused on increasing profitability through improved customer retention rates, contributing to higher net margins as customer acquisition costs were front end loaded and initial margins were typically lowered. Economies of scale are a key lever when it comes to customer acquisition, end-to-end product supply chain management, and timely delivery.
The Company has commenced integration of the production of distillate and isolate produced by its subsidiary, American CBD Extraction. New superior quality CBD products have been formulated and are planned to be introduced to the market in Q2 of 2021. In addition to the new product lines, the Company plans to establish a supply chain for its wholesale hemp biomass throughout the United States and Europe, which will increase topline revenues and contribute to overall net margins.
The Company has also initiated sales in Europe, implementing its proprietary test-marketing program that is currently identifying demand for specific natural health products with the highest net margins. The joint venture with FCC will continue and allow the Company to tailor products to European consumer demands. With a focus on the United Kingdom and Germany, FCC will assist with local licensing, regulatory and supply chain."
https://ceo.ca/@accesswire/thoughtful-brands-bolsters-sales-channels-in-north
Good news, no merger, but a joint venture continues. New shares to FCC have a 4 month hold period.
No 50:1 share consolidation happening. Old ticker of TBI will go back to trading on the CSE again. https://thoughtful-brands.com/thoughtful-brands-merger-with-franchise-cannabis-terminated/
Post on company status from Yahoo Board as follows >>> "Hi Blake,
We are waiting on approval from the exchange on the transaction with Franchise Cannabis. Once we receive conditional approval the company will be making an announcement and the trading symbol will be identified. It will trade under a new assigned symbol.
IR Team at Thoughtful Brands Inc."
***Post from Yahoo Finance Thoughful Brands board from 16 days ago***
New leadership group looks ballin
Get the deal done. https://franchisecannabis.com/about/ PEMTF
~6k of ask slapping and we are at 8. PEMTF
Big bids, thin ask. Somethings brewing here.... PEMTF
If this thing gets an uptrend could get awesome
LOL It had a big volume down day earlier in the week, but seems to have stabilized. I grabbed a starter in the 5s and haven't done anything with it. The fpos should have some news soon. The SS is decent, so we shall see.
just started researching this so i went to the first post of this board and i get to the third post and LMAO !!! research complete.
Jesus is this thing ever going to break out? The chart is screaming
Fwiw: I ordered some CBD back in December. Never got confirmation it was sent. Never showed up, company has not responded to my inquires asking if it was ever sent
News (on SEDAR)
Thoughtful Brands Announces Binding Letter of Intent
for Reverse-Takeover of Franchise Cannabis
• Franchise Cannabis, a leading European medical cannabis company, to complete public
listing with strategic expansion into other cannabis markets.
• Combined company will be well positioned to expand product offerings and distribution
channels in the US and Europe.
VANCOUVER, British Columbia – January 7, 2021 – Thoughtful Brands Inc. (“TBI”) (CSE: TBI;
FSE: 1WZ1; OTCQB: PEMTF) and Franchise Cannabis Corp. (“FCC”) are pleased to announce
that they have entered into a binding letter of intent (the “Letter of Intent”), dated January 6,
2021, to consummate a going-public transaction for FCC involving the reverse-takeover of TBI
(the “Transaction”).
The Transaction will involve the acquisition of all of the outstanding share capital of FCC by TBI,
with the resulting Canadian reporting company being listed on the Canadian Securities Exchange
(the “CSE”) under the name “Franchise Cannabis Corp.”
https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00044061&issuerType=03&projectNo=03158608&docId=4866184
$40M of revenue and trading at .04 cents? Cmon
Just a matter of time. 2021 going to be a hell of a year. PEMTF
Level II cleared out. Looks like sellers are gone.
Way under value here.
Holding steady at the bottom. The company will get this SP higher or their $0.07 options are stupid to excise. PEMTF
Mr. Smith is Vice President of Hampstead Private Capital, a merchant bank focused on small to
mid-cap, early stage, fast growth companies. Brad leads the media and technology group as
well as public relations at Hampstead Private Capital. Brad has appeared on some of Canada's
largest television shows including Chopped Canada, Breakfast Television, and the Bachelor
Canada. He currently hosts The Big Bake on Food Network USA & Food Network Canada and
owns two restaurants in Toronto. He played six years as a Professional Football player in the
Canadian Football League. Brad graduated with a Brad holds a Bachelor of Arts degree from
Queen’s University.
“On behalf of my fellow directors, I am pleased to welcome Brad to the team”, Thoughtful Brands
President, Joel Shacker stated. “He joins the Board at an exciting time in the Company’s
evolution, as we continue to enhance the vertical integration of the Company, scan the market
for potential and ‘thoughtful’ opportunities to grow our portfolio, and ultimately unlock the inherent
value of our existing strategic partnerships, and recent acquisitions.”
The Company also announces that it has granted 23,875,000 incentive stock options to certain
directors, officers and consultants of the Company. The options vest immediately and are
exercisable at a price of $0.07 for a period of 60 months. The options are governed by the terms
of the Company’s incentive stock option plan, and the policies of the Canadian Securities
Exchange.
In addition to the above, the Company announces that it has issued 1,125,000 common shares
as repayment to settle a CA$78,750.00 debt to 1229741 BC Ltd. (the “Creditor”), a company
owned by a director of the Company, at a deemed price of CAD$0.07 per share. The Creditor
has agreed to accept common shares as settlement. All common shares of the Company
issued to the Creditor will be subject to a four-month-and-one-day statutory hold period in
accordance with applicable securities laws.
Whelp, the volume was decent and green. PEMTF
INTL doing some wonky stuff, he has same size on bid and ask and moves them around all day.
Indeed, why I always start small. May grab some low fours.
This is just disgusting
They just filed quarterly report on OTC. $96M in assets, $8M liabilities and $30M revenue through THREE quarters.
Where are you seeing $40m revenue? I see $0 on Yahoo
This is bananas. Seller has to be almost done here, we're at 45M shares past 5 days
Followers
|
10
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
153
|
Created
|
02/20/20
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |