TPPRF - TPPRF STOCK NEWS

Top Strike Resources Corp. (OTCQB: TPPRF) released its financial results for the three months ending January 31, 2023, reporting revenues of $163,402, up from $151,270 in the same period last year. Despite increased revenue, the company posted a net loss of $102,266 compared to a loss of $124,045 a year earlier. Total assets decreased to $9,490,000 from $9,680,000, while total liabilities were $2,409,000. The company remains focused on its cannabis-related activities, with significant progress on licensing in New Jersey. A definitive agreement for an acquisition related to Cannavative is anticipated to close by June 30, 2023.

On May 2, 2022, Top Strike Resources Corp., operating as Vencanna Ventures (OTCQB: TPPRF), announced a trading halt by the Canadian Stock Exchange (CSE) due to a definitive agreement with Cannavative Group LLC. The proposed Transaction is classified as a Fundamental Change, requiring shareholder approval of over 50%. The completion is anticipated in summer 2022, contingent on CSE acceptance and necessary approvals. Vencanna transitioned from an oil and gas firm to a merchant capital entity focused on cannabis investments.

Vencanna Ventures (OTCQB: TPPRF) announced a definitive unit exchange agreement with Cannavative Group on April 25, 2022. The agreement includes an all-share exchange where Vencanna will issue 240 million shares and 120 million warrants for all membership units of Cannavative. Additionally, US$4 million of Cannavative's debt will convert into 80 million shares and 32 million warrants. This transformative transaction will shift Vencanna from an investment to an operational cannabis company, aiming for deeper market penetration in Nevada and beyond.

Top Strike Resources Corp. (OTCQB: TPPRF), operating as Vencanna Ventures, has updated on its acquisition of Cannavative Group LLC. The total transaction involves the issuance of 240 million shares and 120 million warrants. Approximately $4 million of Cannavative's debt will convert into 80 million shares and 32 million warrants. The expected completion of the transaction is by late Q2 2022, subject to regulatory approvals and shareholder consent. Notably, Vencanna has secured cannabis cultivation and manufacturing licenses in New Jersey, forecasting a $2.6 billion market by 2026.

Top Strike Resources Corp., operating as Vencanna Ventures (OTCQB: TPPRF), reported its financial results for the period ending January 31, 2022. Revenue for the quarter was $154,000, showing a decline from $294,000 in the previous quarter. The net loss decreased to $124,045 from $663,014 year-over-year. Total assets amounted to $9.8 million, down from $9.96 million. The company has substantial cannabis-related operations in the U.S., with 30% of assets and all income derived from this sector. Cash reserves significantly improved to $6.84 million, allowing coverage of current liabilities of $244,249.

Top Strike Resources Corp., operating as Vencanna Ventures (OTCQB: TPPRF), released its financial results for the quarter ending October 31, 2021. The company reported revenues of $294,222, compared to $137,699 in the same quarter of 2020. A significant loss of $290,000 was recorded, while the total assets stood at $9,957,000. Notably, 100% of income is tied to U.S. cannabis operations, marking a shift in focus. The company also plans to continue its acquisition strategy with Cannavative Group LLC amidst its ongoing challenges.

Top Strike Resources Corp., operating as Vencanna Ventures, has announced the re-commencement of its Normal Course Issuer Bid (NCIB) after it expired on October 5, 2021. The Corporation purchased 580,000 shares at an average price of $0.022. The new NCIB will allow for the purchase of up to 5% of its issued shares, commencing on October 12, 2021. Vencanna aims to purchase shares as a strategic investment, believing current market prices do not reflect its underlying value. As of now, there are 181,411,390 shares outstanding.