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Thursday, 08/20/2020 4:58:19 PM

Thursday, August 20, 2020 4:58:19 PM

Post# of 6773
Part 2 Venegas vs His Peers

Contd from Part 1 on convertible notes.
Roughly $500,000 converted in Q1 and Q2 and the rest got maturity extensions to next year which is great.

Now if only Venegas was as competent as his peers he could raise real money and stop sh*ttin on the shareholders. He is ceo which means he is the employee of shareholders. If you own a single share he is your employee. He is my employee. The fundraising responsibility belongs to him alone and he seems to be the least effective out of all the other industry executives.

Two days ago Dutchie, cannabis e-commerce, raised $35m.
https://www.newcannabisventures.com/cannabis-e-commerce-enabler-dutchie-raises-35-million-to-fund-expansion/

One week ago Springbig, cannabis e-marketing, raised $11.5m while Fyllo, regulatory compliance, raised $10m.
https://mjbizdaily.com/marijuana-tech-firms-springbig-fyllo-raise-20-million-plus-in-venture-capital/

In June KERN, a direct competitor, raised $17m in debt.
https://finance.yahoo.com/news/akerna-closes-17-million-debt-191840747.html

In May Grow Flow, another direct competitor, raised $8.4m.
https://www.prnewswire.com/news-releases/cannabis-saas-company-growflow-raises-8-4m-growth-round-301057798.html

In April Green Bits, direct competitor, raised $23m.
https://www.prnewswire.com/news-releases/greenbits-raises-23-million-in-series-b-funding-led-by-tiger-global-and-casa-verde-301041650.html

Venegas on the record statements on Mondays earnings call that HLIX had "as everyone else, minimal access to capital markets." Facts speak for themselves. Capital markets are robust for cannabis plays. Or even if things are harder all the other executives can still execute, perform and deliver while hes making lil pussy excuses.



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