First of all, CBIS is NOT in $62 million of debt, that is false and I hope you are not stating that to mislead others.
The financial reports state that this corporation has an "accumulated deficit of $62,197,625." ... that is if you include "$5,089,811 in impairment of oil and gas well lease(s)", and $19,782,860 in general and administrative fees.
Do you really believe that CBIS is in debt from gas and oil leases ????
The accumulated deficit (is the net loss which is carried every year from profit and loss statement to balance sheet under stock holder equity. the net loss carried every year collectively is known as accumulated deficit) is carried over from National Healthcare Technology, Inc., to Brighton Oil & Gas, Inc.,to Gulf Onshore, Inc., and now to CBIS.
Jeeze, now I need to light one up.
BTW, I am sorry if it came across as sarcastic earlier....I need to restock my sativa.
