Fincanna Capital Corporation (PK) (FNNZF) 銘柄情報

Last post here was 1 year ago. SMH

Anyone still have a pulse and still like this POS?

Let's get the ball rolling FNNZF $$$$$$$$$$$

How are things going here

Tech they were released on Sep 4th but I only just had a chance to review over the weekend

those are old from last month
q1 due by end of sept

Thank you for posting. Will read it when back to my desk.

FinCanna Capital (FNNZF) just released their financials and they are finally profitable!

FinCanna’s financials statements can be found here: SEDAR (hyperlink)

FY2019 Financial Highlights:
YoY revenues increased by ~125%
YoY total expenses decreased by ~40%
The company earned an accounting Net Income of $210,179 (Basic and diluted EPS of 0.002)

While the company only recorded a small net income, in my view a small profit is preferable to losses like those recorded in 2018. As of April 30, 2019 the company has ~$7.8m in cash on hand and are there is $381,155 in profit sharing income in receivables (note 5).

Financial Health

The company remains very liquid as represented by a high current ratio (~10x) meaning they have more than enough liquid assets to cover their short-term liabilities. The company also uses limited leverage as represented by a Debt/Assets ratio far below 1.

Current Ratio: (8,902,811/891,110) = ~9.99
Total Debt/ Total Assets: (526,573 + 3,746,701)/24,409,269 = ~0.175

Per Share Metrics - Basic (Diluted):

Cash Per Share: 0.08 (0.07)
Book-Value (Shareholders’ Equity) Per Share: 0.21 (0.17)

At a share price of 0.13 the company currently trades at a price-book of 0.62 (0.78 diluted).

https://finance.yahoo.com/news/fincanna-combines-investment-industry-expertise-113000972.html

FinCanna Receives US$3.9 million Repayment from Cultivation Technologies Inc.
https://www.globenewswire.com/news-release/2019/03/06/1748595/0/en/FinCanna-Receives-US-3-9-million-Repayment-from-Cultivation-Technologies-Inc.html

March 06, 2019 03:05 ET | Source: FinCanna Capital Corp.

VANCOUVER, British Columbia, March 06, 2019 (GLOBE NEWSWIRE) -- FinCanna Capital Corp. (“FinCanna”) (CSE: CALI) (OTCQB: FNNZF) a royalty company for the U.S. licensed medical cannabis industry announces that it has received US$3.9 million as partial repayment of an outstanding secured loan from Cultivation Technologies Inc. (“CTI”). These funds were generated from the sale of CTI’s Coachella property as initially announced on October 9, 2018.

FinCanna will continue to earn 50% of the profits of CTI’s Interim Extraction and Manufacturing Facility that is expected to remain in operation on the site until June 2019 as agreed to with the new owner of the Coachella property.

Andriyko Herchak, President and CEO of FinCanna Capital states, “We are very pleased to receive this non-dilutive cash injection, and our $8.5 million treasury puts FinCanna in an excellent position to complete further investments to give our shareholders access and leverage to the burgeoning licensed cannabis market in the United States.”

NEWS! https://www.ftmig.com/cannabis/fincanna-signs-royalty-agreement-with-multi-brand-manufacturer-qvi-of-sonoma-county-california/

"...hydrocarbon-based solvent extraction..."

https://markets.businessinsider.com/news/stocks/fincanna-investment-refined-resin-technologies-inc-receives-us-9-6-million-minimum-purchase-order-1027585654

"It is Refined Resin’s intention to become a premier producer of bulk quantities of THC distillate and various high value concentrates produced via hydrocarbon-based solvent extraction. The company plans to provide white-labeling services to licensed brands and infused product manufacturers."
___

is this company a potential supplier to Refined Resin Technologies...of hydrocarbon-based solvents for extraction process...?

Greenbelt Initiates CBE Project to Produce BioEthanol For CBD Extraction
https://www.greenbeltresources.com/2018/11/13/greenbelt-initiates-cbe-project-to-produce-bioethanol-for-cbd-extraction/

interesting possibilities...

Refined Resin Technologies

https://www.cdph.ca.gov/Programs/CEH/DFDCS/MCSB/Pages/LicenseeLookup.aspx

California Department of Public Health

MANUFACTURED CANNABIS SAFETY BRANCH

Active Temporary Licenses

Refined Resin Technologies, Inc. AM-Type 7 CDPH-T00001584 Oakland Alameda 7/3/2019
___

City of Oakland, California
Oakland Economy Now - News from the City of Oakland - Vol 46 Oct 2018
https://content.govdelivery.com/accounts/CAOAKL/bulletins/2121a78

OAKLAND IN THE NEWS

FinCanna Investment Refined Resin Technologies Inc. Receives US$9.6 Million Minimum Purchase Order
Oct 3, Nasdaq.com

https://markets.businessinsider.com/news/stocks/fincanna-investment-refined-resin-technologies-inc-receives-us-9-6-million-minimum-purchase-order-1027585654

$FNNZF has been making new highs every single day this week.

NEWS!! https://www.ftmig.com/resources/fincanna-increases-and-closes-convertible-debenture-financing-of-2-4-million/

still an overvalued pps, too bad.

NEWS!! https://www.ftmig.com/cannabis/fincanna-increases-convertible-debenture-financing-to-2-0-million/

with this pps at 0.094 it gives a valuation at more 9 millions, it is overvalued according the financials. Furthermore there is no real volume in buy/sell.
So this stock is more likely to pursue his fall.
Imo.

They already have revenues. Financials look solid. Plus lots of insider buying recently. The IR guy is very accessible and knowledgeable (outsourced). I asked him to sent me the royalty info. I posted it here in case anyone hasn't seen it. I haven't gone through it yet.

this stock will go down again, nothing stops his fall.

already receiving some revenues from cti interim I think
but major revenues not due until april or so unless some new deal is made with funds coming soon

do we know when this company will have their first published revenues ?

Here's the Royalty structure for each Royalty agreement: https://seekingalpha.com/article/4200137-fincanna-undervalued-business-making-royalty-investments-cannabis-startups

Facts sheet: https://www.fincannacapital.com/_resources/factsheets/factsheet.pdf

Presentation: https://www.fincannacapital.com/_resources/presentations/presentation.pdf
98 million shares outstanding

Nice insider buying

https://www.canadianinsider.com/node/7?menu_tickersearch=CALI+%7C+FinCanna+Capital

Oakland: FinCanna Investment Refined Resin Technologies Inc. Receives US$9.6 Million Minimum Purchase Order
https://oaklandnewsonline.com/2018/10/03/fincanna-investment-refined-resin-technologies-inc-receives-us9-6-million-minimum-purchase-order/

FinCanna Investment Refined Resin Technologies Inc. Receives US$9.6 Million Minimum Purchase Order
By GlobeNewswire, October 03, 2018, 03:05:00 AM EDT
https://www.nasdaq.com/press-release/fincanna-investment-refined-resin-technologies-inc-receives-us96-million-minimum-purchase-order-20181003-00072

Minimum Purchase Orders Now Total US$10.4 Million for THC Distillate

VANCOUVER, British Columbia, Oct. 03, 2018 (GLOBE NEWSWIRE) -- FinCanna Capital Corp. ("FinCanna") (CSE:CALI) (OTCQB:FNNZF) a royalty company for the U.S. licensed medical cannabis industry, is pleased to announce that its investee company Refined Resin Technologies Inc.("Refined Resin") of Oakland, California has acquired its second purchase order for THC distillate in the minimum amount of US$9.6 million. Refined Resin is a cannabinoid research and refinery company that provides B2B products and services to licensed brands, dispensaries and distributors in the medical cannabis supply chain.

This purchase order was received from a prominent, large volume, California cannabis enterprise whose business interests include brands, products, and a California wide distribution network. The purchase order of US$9.6 million is specified as a minimum annual amount with the expectation that monthly volumes and associated payments would significantly increase based on consistent delivery and performance.

Refined Resin continues to meet with suppliers, contractors and potential customers in support of its commercial launch expected in early 2019. Refined Resin anticipates that it will secure additional purchase orders based on advanced discussions in progress with a number of interested parties.

https://www.networknewswire.com/networknewsbreaks/networknewsbreaks-fincanna-capital-corp-cse-cali-otcqb-fnnzf-portfolio-company-secures-temporary-manufacturing-license/

NEWS!! https://www.ftmig.com/cannabis/fincanna-portfolio-company-refined-resin-technologies-acquires-key-manufacturing-license/

NEWS: FinCanna Advances Final Tranche of Capital to Refined Resin Technologies Inc.

https://finance.yahoo.com/news/fincanna-advances-final-tranche-capital-080500200.html?.tsrc=rss

FinCanna Capital to Attend New Green Frontier Conference 2018

https://globenewswire.com/news-release/2018/11/16/1652850/0/en/FinCanna-Capital-to-Attend-New-Green-Frontier-Conference-2018.html

FinCanna President & CEO, Andriyko Herchak to Present on Conference Main Stage

VANCOUVER, British Columbia, Nov. 16, 2018 (GLOBE NEWSWIRE) -- FinCanna Capital Corp. (“FinCanna”) (CSE: CALI) (OTCQB: FNNZF) a royalty company for the U.S. licensed medical cannabis industry is pleased to announce that it will be presenting at the invitation-only New Green Frontier, cannabis investor conference to be held at The Arcadian Court in Toronto ON, Monday, November 19.

The conference, expected to be attended by over 350 investors, aims to connect cannabis companies across North America and accredited, institutional, and high-net worth cannabis investors to share insights and foster relationships that will help shape and advance the rapidly-growing industry.

FinCanna President and CEO Andriyko Herchak will deliver a main stage company presentation scheduled for 16:30EST. Mr. Herchak stated, “I am excited to have the opportunity to share our story and prospects for the future. We are committed to increasing our visibility in the investment community and the New Frontier Conference is an ideal venue for showcasing the potential of our company with a highly selective investor audience.”

Investors attending the event can look forward to presentations from management teams of leading cannabis companies, one-on-one meetings, hearing keynote speeches, and panel discussions touching upon topics such as Women in Cannabis, Navigating Capital Markets post-legalization, Growing Technologies, Cannabis-Infused Products and more. The New Green Frontier conference is presented by by SmallCapPower and Capital Ideas Media, the financial media division of Gravitas Financial Inc. The conference is invitation-only, but is available to be viewed via webcast at the link below: https://webinar.newgreenfrontier.com/attend-the-live-webinar/

About New Green Frontier

New Green Frontier is an invite-only cannabis investor conference focused on connecting high net worth investors and cannabis experts to the top cannabis companies from across North America. The conference is presented by SmallCapPower and Capital Ideas Media, the financial media division of Gravitas Financial Inc. along with Gravitas Securities in association with Thinking North, The Canadian Securities Exchange, North Lights Partners and Marigold PR. Event partners include Canada Cannabis Events and Bantr Inc. For more information, visit https://newgreenfrontier.com/ or email Sonia Bhalla, Client Relations Manager at SmallCapPower, (sonia@smallccappower.com).

About FinCanna Capital Corp.

FinCanna provides financing to top-tier companies in the licensed medical cannabis industry in exchange for a royalty on revenues. FinCanna, led by a team of finance and industry experts, is building its diversified portfolio of royalty investments in scalable, best-in-class projects and companies in U.S. legal states, with a focus on California. For additional information visit www.fincannacapital.com and FinCanna’s profile at www.sedar.com.

FinCanna Capital Corp.
Andriyko Herchak, CEO & Director

Investor Relations:

Arlen Hansen
Kin Communications
1-866-684-6730
CALI@kincommunications.com

based on what ? news ? figures ?

WeedWarrior $FNNZF looking good prior to conference today.

FinCanna to Host Conference Call at 1:15 PM PST Thu Oct 18 https://www.nasdaq.com/press-release/fincanna-to-host-conference-call-at-115-pm-pst-thursday-oct-18-20181016-00101 …

NetworkNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Investee Adds Taxation Reporting Technology to its Proprietary Compliance Platform

http://soccerout.com/news/networknewsbreaks-fincanna-capital-corp-cse-cali-otcqb-fnnzf-investee-adds-taxation-reporting-technology-to-its-proprietary-compliance-platform/0104624/

FinCanna Capital (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that its investee company ezGreen Compliance has expanded its proprietary Business Intelligence Dashboard (“BID”) by adding a new comprehensive taxation feature to automate crucial revenue reporting functionality.

ezGreen Compliance provides a state-of-the-art enterprise compliance and point-of-sale (“POS”) software solution for licensed medical cannabis dispensaries and cultivators. ezGreen plans to roll out the new taxation feature as a fully integrated component of its BID to the company’s affiliate network comprised of more than 200 dispensary locations.

Furthermore, ezGreen’s BID, which was developed and supported by Automated HealthCare Solutions (“AHCS”), is Health Insurance Portability and Accountability Act (“HIPAA”) certified and is compliant with state laws ensuring secure customer data storage.

“Compliance reporting is becoming a “must have” for every business in the cannabis industry,” FinCanna Capital President and CEO Andriyko Herchak stated in the news release. “We believe ezGreen is clearly the industry leader in the compliance software space as evidenced by their superior Business Intelligence Dashboard which now incorporates a mission critical taxation reporting solution. Compliance reporting is an enormously lucrative space and we are confident ezGreen will deliver outstanding results for our shareholders.”

FinCanna Investee ezGreen Compliance Launches Taxation Reporting Technology

https://globenewswire.com/news-release/2018/10/11/1619728/0/en/FinCanna-Investee-ezGreen-Compliance-Launches-Taxation-Reporting-Technology.html

October 11, 2018 03:05 ET | Source: FinCanna Capital Corp.

VANCOUVER, British Columbia, Oct. 11, 2018 (GLOBE NEWSWIRE) -- FinCanna Capital Corp. (“FinCanna”) (CSE: CALI) (OTCQB: FNNZF) a royalty company for the U.S. licensed medical cannabis industry, announces that its investee company ezGreen Compliance (“ezGreen”) which provides a state-of-the-art enterprise compliance and point-of-sale (POS) software solution for licensed medical cannabis dispensaries and cultivators, has expanded its proprietary Business Intelligence Dashboard (BID) with the addition of a new comprehensive taxation feature to automate essential revenue reporting functionality.

Testing with a cannabis management company carrying a portfolio of over 30 dispensaries in the state of California, the company believes it is the only comprehensive tax reporting solution in the market. ezGreen’s new proprietary taxation functionality resolves the problem of labour intensive, error prone manual inputting of key financial data as it is designed to ensure that critical financial information is instantly captured and seamlessly organized for complex municipal and state tax reporting. ezGreen’s automation of the state taxation formulas are customizable to track both municipal and state requirements around sales and excise taxes.

BIG NEWS thanks for posting

https://www.networknewswire.com/networknewsbreaks/networknewsbreaks-fincanna-capital-corp-cse-cali-otcqb-fnnzf-enters-restructured-agreement-with-cultivation-technologies-inc/

This is a big revenue increase for FinCanna.

Chart only up about 20% over the last 2 months, but it's a start.

Dont forget that Fincanna will get only a part of the revenues 5%, 10 % ??.so they will gain 450k ? 900k ?
Dont forget too that the capitalisation is at $ 20 millions with this pps, we are far away of a legitimate good ratio, maybe later with other revenues ?

HUGE revenue news!

https://globenewswire.com/news-release/2018/10/03/1600526/0/en/FinCanna-Investment-Refined-Resin-Technologies-Inc-Receives-US-9-6-Million-Minimum-Purchase-Order.html

FinCanna Investment Refined Resin Technologies Inc. Receives US$9.6 Million Minimum Purchase Order

https://globenewswire.com/news-release/2018/10/03/1600526/0/en/FinCanna-Investment-Refined-Resin-Technologies-Inc-Receives-US-9-6-Million-Minimum-Purchase-Order.html

Minimum Purchase Orders Now Total US$10.4 Million for THC Distillate

VANCOUVER, British Columbia, Oct. 03, 2018 (GLOBE NEWSWIRE) -- FinCanna Capital Corp. (“FinCanna”) (CSE: CALI) (OTCQB: FNNZF) a royalty company for the U.S. licensed medical cannabis industry, is pleased to announce that its investee company Refined Resin Technologies Inc. (“Refined Resin”) of Oakland, California has acquired its second purchase order for THC distillate in the minimum amount of US$9.6 million. Refined Resin is a cannabinoid research and refinery company that provides B2B products and services to licensed brands, dispensaries and distributors in the medical cannabis supply chain.

This purchase order was received from a prominent, large volume, California cannabis enterprise whose business interests include brands, products, and a California wide distribution network. The purchase order of US$9.6 million is specified as a minimum annual amount with the expectation that monthly volumes and associated payments would significantly increase based on consistent delivery and performance.

FinCanna Investment Refined Resin Technologies Inc. Secures First Purchase Order in the Minimum Amount of US$840,000

https://globenewswire.com/news-release/2018/09/26/1576195/0/en/FinCanna-Investment-Refined-Resin-Technologies-Inc-Secures-First-Purchase-Order-in-the-Minimum-Amount-of-US-840-000.html

Refined Resin a Premier Bulk Producer of THC Distillate and High-Value Concentrates for California’s Growing Demand of Extracts Receives First Purchase Order from a Prominent California Brand
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September 26, 2018 03:05 ET | Source: FinCanna Capital Corp.

VANCOUVER, British Columbia, Sept. 26, 2018 (GLOBE NEWSWIRE) -- FinCanna Capital Corp. (“FinCanna”) (CSE: CALI) (OTCQB: FNNZF) a royalty company for the US licensed medical cannabis industry, is pleased to announce that its investee company Refined Resin Technologies Inc. (“Refined Resin”) of Oakland, California has received its first purchase order for THC distillate in the amount of US$840,000. Refined Resin is a cannabinoid research and refinery company that provides B2B products and services to licensed brands, dispensaries and distributors in the medical cannabis supply chain.

This purchase order was received from a high volume, top California cannabis brand that manufactures a diversified product line, which is distributed across the state. The purchase order of $840,000 is specified as a minimum annual amount with the expectation that monthly volumes and associated payments could escalate based on consistent delivery and performance.

FinCanna Capital Welcomes Rosy Mondin to its Board of Advisors

https://globenewswire.com/news-release/2018/09/19/1572860/0/en/FinCanna-Capital-Welcomes-Rosy-Mondin-to-its-Board-of-Advisors.html

VANCOUVER, British Columbia, Sept. 19, 2018 (GLOBE NEWSWIRE) -- FinCanna Capital Corp. (“FinCanna”) (CSE: CALI) (OTCQB: FNNZF) a royalty company for the U.S. licensed medical cannabis industry is pleased to announce the appointment of Ms. Rosy Mondin to its Board of Advisors. Ms. Mondin is a leading advocate for the legalization of adult use cannabis in Canada and is the first woman to hold the role of CEO in a publicly traded company in the cannabis sector.

Specializing in corporate law, Ms. Mondin served as strategic advisor for several companies involved in the processing, distribution, and safe use of medical cannabis. She co-founded Soma Labs Scientific in 2014, which amalgamated to form Quadron Cannatech Corporation in 2016. Ms. Mondin is CEO and Director of the company, which focuses on extraction and processing solutions.

they announce revenues in 2019, yes they pump. technicals ? look at the accumulation-distribution line in long term, not good.
I still wait, until the first revenues it will go down.

haha. there was no news in that pr. it was just a pump. the technicals on fincanna are looking very good.

?????? that is what I think, I dont buy now on a news, I wait for future dips.

wrong. buy the rumor, sell the news.

I still wait, revenues only in 2019, buy in few months because without real good news till 2019 the pps should go down.

Canadians pushing higher for you guys.

VOLUME CSE 764,393 ~~~ OTC 121,729

ok but still no revenue, it is logic, but no revenue no real value, so the pps has good chances to slow down again, no ? we have to wait the first revenues probably in a little year, the real value will come in 2019.

https://www.networknewswire.com/networknewsbreaks/networknewsbreaks-fincanna-capital-corp-cse-cali-otcqb-fnnzf-posts-letter-to-shareholders/