LOS ANGELES, CA / ACCESSWIRE / October 2, 2019 / Ventura Cannabis and Wellness Corp. (CSE:VCAN)(“Ventura” or the “Company”) released preliminary selected quarterly financial highlights for the quarter ending August 31, 2019:
“As the month ends, I wanted to provide an update on our second quarter as a cannabis business to our shareholders,” said Mr. Chris Heath, President of Ventura. “We saw good growth from our core cannabis business and I am looking forward to publishing our full quarterly financials at the end of the month as it has been a good quarter for us. Lastly, we are unaware of anything in our business that would result in the recent volatility in our share price. It seems the entire capital market for cannabis is challenging at the moment. In this environment, it remains important to note that we have cash that can finance our plan to increase our cannabis revenues and cash flows and we are not reliant on the capital markets for funding that growth.”
For more information contact:
Ventura Cannabis and Wellness Corp.
Chris Heath
President
(424) 372-1123
investor@venturacanna.com
www.venturacanna.com
Certain statements contained in this presentation constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “confident” and similar expressions as they relate to the Company. Such statements reflect the Company’s current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties, and assumptions. The forward-looking information included are made as of October 2, 2019, and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. VCAN holds or is acquiring marijuana assets in the United States. Previously disclosed acquisitions are still subject to closing. Marijuana is legal in each state VCAN is looking to operate, however marijuana remains illegal under US federal law, and the approach to enforcement of US federal law against marijuana is subject to change. Shareholders and investors need to be aware that adverse enforcement actions could affect their investments and that the Company’s ability to access private and public capital could be affected and or could not be available to support continuing operations.
SOURCE: Ventura Cannabis and Wellness Corp.
View source version on accesswire.com:
https://www.accesswire.com/561677/Ventura-Cannabis-and-Wellness-Corp-VCAN-Releases-Preliminary-Quarterly-Financial-Highlights-for-the-Quarter-Ending-August-31-2019
AUSTIN, TEXAS / ACCESSWIRE / December 23, 2024 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or…
Originally published in Quest Diagnostics' 2023 Corporate Responsibility ReportNORTHAMPTON, MA / ACCESSWIRE / December 23,…
Marlborough, Massachusetts--(Newsfile Corp. - December 23, 2024) - Phio Pharmaceuticals Corp. (NASDAQ: PHIO), a clinical-stage…
WESTON, Fla.--(BUSINESS WIRE)--ILiAD Biotechnologies, LLC (ILiAD), a clinical stage biotech company developing the world’s most…
WESTON, Fla.--(BUSINESS WIRE)--ILiAD Biotechnologies, LLC (ILiAD), a clinical stage biotech company developing the world’s most…
New leadership roles highlight Hallmark’s unique vendor-neutral approach to helping health systems build flexible, efficient,…