Abattis Bioceuticals Corp is a Canadian company delving in the biotechnology, cultivation, distribution, and licensing of cannabis products. It operates through various subsidiaries and with partners in the industry. Though based in Canada, it aims to enter the markets in both US and Canada.
Abattis provides controlled cultivation environments through its wholly owned subsidiary Biocube Green Grow Systems Corp. This subsidiary owns exclusive rights to a building material called the MgO board, which offers several advantages such as being antimicrobial, fireproof, waterproof, and recyclable.
Another company under Abattis Bioceuticals is Biocell Labs, Inc. It is a wholly owned subsidiary that supplies neutraceutical and cosmetic cannabis-based formulations. This subsidiary owns proprietary technologies for extraction, plus 13 proprietary formulations that are ready for licensing out.
North America Bioextracts is also a subsidiary of Abattis. It develops and sells marijuana products such as extract oils and various flavors of vaporizers. This particular subsidiary has offices in both Canada and the US (in Washington State).
Meanwhile, Abattis Bioceuticals’ cannabis-growing division and end-consumer representative is iJuana Cannabis, Inc. This subsidiary operates a growing facility covering 27,000 square feet in Squamish, British Columbia.
For the processing, testing, and packaging of products, Abattis has Northern Vine Canada, Inc. This company also provides analytical services to licensed marijuana producers. Its facility is in Langley, British Columbia.
In addition to these subsidiaries, Abattis Bioceuticals is aided by its industry partners. These include the testing firm PhytaLab, the cannabis strain developer Experion Bio Technologies, Inc, and the transaction technology provider Instant Payment Solutions.
Abattis Bioceuticals started out when it was incorporated in 1997. It operated as Abattis Biologix Corp until it changed to its current name in 2012.
Today, Abattis trades in the OTC markets as ATTBF and has a market cap of USD 14.55 M.
Top executives at Abattis are Chairman, CEO, and President Michael Withrow, CFO and COO Rene David, VP of Finance Jason Anderson, and Consultant Gilbert G. Scheider.
Abattis Bioceuticals Corp.
885 West Georgia Street
Canada, V6C 3E8
Phone: (604) 538-6650
Yahoo! Finance: ATTBF News
Latest Financial News for ATTBF
Abattis Bioceuticals Corp (the “Company” or “Abattis”) (ATT.CN) (ATTBF) announces the filing of its annual financial statements for the year ended September 30, 2018 and is pleased to provide the following comprehensive update on recent developments related to Abattis since the trading of the Company’s common shares (each, a “Share”) was halted on the Canadian Securities Exchange (“CSE”) on February 4, 2019. After a long process, the Company has finally filed its annual financial statements, the related management discussion and analysis and the certification of the annual filings for the year ended September 30, 2018 (the “Annual Filings”).
The allure of investing in penny stocks can be quite strong. Every investor has dreams of putting a few thousand dollars in a penny stock and becoming a millionaire when it goes to $100 per share.But you need to be careful. Things aren't always as they seem. Just because it is a penny stock, it isn't necessarily cheap. Companies are typically valued by taking the assets and subtracting the liabilities. Assets consist of things such as cash, property, and inventories. Liabilities consist of things such as debt and loans, salaries, and taxes. These values are easily found on the company's balance sheet.You can also look at the Total Debt to Total Assets ratio. If it is greater than 1, consider it a major red flag. This means liabilities exceed assets.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe following 7 marijuana stocks all have terrible valuations. In other words, their liabilities are greater than their assets. If you are considering investing in penny stocks, this is something that I believe you should take a look at. Does it make sense to invest your money in companies that are essentially bankrupt? * The 7 Top Small-Cap Stocks Of 2019 I'm not saying that you can't make money investing in them. But you don't need to be Warren Buffet to understand that companies that have value and make money will outperform companies with negative valuations that lose money. Penny Stocks: Players Network (PNTV)Players Network (OTCMKTS:PNTV) is involved in the creation of digital networks and broadband distribution. It also grows and processes medical marijuana. And no, I'm not exactly sure how these two seemingly very different businesses are related.Maybe this strange mix is why this company has been such a loser. Last year it lost over $1 million. According to the balance sheet, the total assets of the company are around $1.2 million and the total liabilities are $11.5 million. That means this company has value of -$10.6 million. Despite this, it has a market capitalization of $17 million. Indoor Harvest (INQD)Indoor Harvest Corp (OTCMKTS:INQD) designs and builds fixtures and equipment for the indoor farming industry.This seems like a great industry to be in, but unfortunately things aren't working out so well for INQD. The company's market cap is less than $1 million. This isn't surprising considering that that it only has $200,000 in assets and $2.6 million of liabilities giving it a total value of negative $2.3 million. * The Top 8 Tech Stocks of 2019 (So Far) Last year it posted a loss of $3.3 million and in 2017 the reported loss was $4.4 million. Abattis Bioceuticals (ATTBF)Abattis Bioceuticals (OTCMKTS:ATTBF) is an agricultural and biotechnology company. It invests in technologies and biotechnology services for the legal cannabis industry in Canada.Despite how cool this business description sounds, this company losses a lot of money.Like most of these little penny stock companies, information on ATTBF was hard to find but I think they have lost more than $20 million between 2014 and 2017, an average of $5 million annually. The most recent reported assets were $1.2 million with liabilities of $440,000. This gives it a valuation of about $700,000. It is typically not a good thing when a company post losses that are more than 5 times its valuation. Blue Line Protection Group (BLPG)Blue Line Protection Group (OTCMKTS:BLPG) provides protection, transportation, banking and training services for the legal cannabis industry. This is a fancy way of saying that they are in the security business.Unfortunately for Blue Line they may not need protection for themselves because they probably don't have anything worth stealing. BLPG lost $1.25 million last year. In the prior four years, it lost a total of about $9 million. * 7 Stocks to Buy for the Same Price as Beyond Meat The assets are just $700,000 while the liabilities are $4.2 million. This gives it a total valuation of negative $3.5 million. GreenGro Technologies (GRNH)GreenGro Technologies (OTCMKTS:GRNH) is involved in the sale of greenhouse systems. The company also sells hydroponic supplies at its retail store in Anaheim, California. They sell pretty much anything you could need if you want to build a greenhouse or an indoor growing system.Considering the rapid growth of the cannabis markets, it is reasonable to believe that this would be a great business to be in. Unfortunately for GreenGro, this has not been the case. Last year it lost $3.7 million. In 2017 the loss was $8 million. With assets of $4.6 million and liabilities of $6.6 million, the value is negative $2 million. Rocky Mountain High Brands (RMHB)Rocky Mountain High Brands (OTCMKTS:RMHB) is a lifestyle brand management company. Their products include cannabidiol and hemp-infused products such as spring water and protein drinks. This is and old company with origins going back to 1968. It seems like in all that time they haven't learned how to make consistent profits. Last year the company lost $3.4 million and in 2017 losses were $9.3 million. * 10 Best S&P 500 Stocks to Buy For the Rest of 2019 With assets of $1.4 million and liabilities of $2.1 million, the valuation is about negative $500,000. Sugarmade (SGMD)Sugarmade (OTCMKTS:SGMD) is a distributor of paper products. The company recently announced plans to enter the hemp extraction technologies and equipment market.SGMD has unfortunately not been too sweet to its shareholders. This company hasn't made money in years and the trend seems to be getting worse. In 2016 it lost $2.5 million and it 2017 the loss was $4.7 million. Last years loss of $6.3 million was even worse. It is no surprise that SGMD has a negative valuation. With assets of $2.2 million and liabilities of $12.4 million, the valuation is negative $10.2 million.As of this writing, Mark Putrino did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post 7 Penny Marijuana Stocks That Are NOT Cheap Stocks appeared first on InvestorPlace.
Abattis Bioceuticals Corp (the “Company" or "Abattis") (CSE:ATT) (ATTBF) is pleased to announce that, further to its news release dated April 2nd, 2019, the Company’s wholly-owned subsidiary, 1185277 B.C. Ltd. (the “Acquisition Subsidiary”) has successfully closed the acquisition (the “Acquisition”) of Pro Natura BV (“Pro Natura”). Abattis is also pleased to announce that it will be relaunching its Company Newsletter (the “Newsletter”), which has been designed to complement the Company’s continuous disclosure, and provide cannabis industry highlights as they pertain to the Company.
VANCOUVER, British Columbia, April 2, 2019 /PRNewswire/ -- Abattis Bioceuticals Corp. (the "Company" or "Abattis") (ATT.CN) (ATTBF) is pleased to announce that its wholly-owned subsidiary, 1185277 B.C. Ltd. (the "Acquisition Subsidiary"), has entered into a share purchase agreement (the "Agreement") to acquire (the "Acquisition") Pro Natura BV ("Pro Natura"), a privately held nutraceutical company based in Oisterwijk, Netherlands. Pro Natura has over 30 years of operations and sales experience in Europe, with over 100 products that have been marketed to both long-term repeat customers and new large groups of distributors. Pro Natura has been supported by a seasoned management team that still includes its original founder and has historically boasted €10M+ in per annum sales.
Vancouver, British Columbia--(Newsfile Corp. - March 9, 2019) - Abattis Bioceuticals Corp (CSE: ATT) (OTC Pink: ATTBF) (the "Company" or "Abattis") announces that, effective February 20, 2019 and March 6, 2019, both Wolfgang Richter and James Irving have respectively resigned as directors of the Company.The Company thanks both Mr. Richter and Mr. Irving for their service and wishes each all the best in their future endeavors.About Abattis Bioceuticals Corp.Abattis is positioned to be ...