Obocon Inc. (OBCN)

[Slojab]

Yeah, their financials look amazing.

During the four-year period from 2014 to 2017, the net income of High Times declined from $3.4 million to a loss of $24.7 million, which included $8.4 million in stock compensation costs. For 2018, the company’s consolidated net loss totaled $41.3 million, including a $27.5 million loss from operations.
High Times owes $18 million to ExWorks Capital Fund LP, an investment pool managed by ExWorks Capital, a Chicago lender. As of July 18, High Times continued to run up its debt with ExWorks with an additional $600,000 in funding, according to the latest updates in company filings. To pay back the debt, High Times has pledged to issue $18 million in stock to ExWorks once the company goes public.
In another blow over the summer to High Times, its chief financial officer Neil Watanabe abruptly resigned on July 29 after just a few months on the job. Levin says the move was not prompted by any dispute over its financial disclosures with the SEC