Fiore Cannabais Ltd. (FIORF)

[LongNDeep2]

No reason to panic yet.

They are low on cash...that's obvious now....but we have cash coming in soon from Wash. If contractors are owed money...they file a lien to make sure they get paid...and they will get paid...and the liens will go away.

If MRPHF is in JV talks with a company...then contractors filing a lien is just a formality... until JV agreements are reached, and funds are dispensed.

The downside is it is delaying the Vegas operations from going operational.

I see this as a minor issue...as these are very recent...not chronic. They could have done a private placement but appears to have wanted to avoid further dilution...which is good. I give them credit for trying to avoid dilution. A short term cash crunch is all this is, and I don't see the sky falling. It would be helpful to know how much money is owed.

You don't go belly up because you missed a few bills...you don't file bankruptcy because you're late on paying for a new roof on your house.

We have millions in revenue coming...we have the means to pay...so it looks like more of a timing issue, than...we can never pay you.

Not pretty...but not a reason for panic. This is one reason I am hopeful for a JV partner or buyout soon...new money...new management. If we are in talks then it's all a minor blip.

GLTA

WATCH US GROW...MRPHF