CALGARY, Oct. 11, 2018 /CNW/ - Top Strike Resources Corp.
d.b.a. "Vencanna Ventures Inc." (the "Corporation")
(CSE:VENI) is pleased to provide a summary of its financial results
as of July 31, 2018.
Selected financial information is outlined below and should be
read in conjunction with the Corporation's unaudited consolidated
financial statements and management's discussion and analysis for
the three month period ended July 31,
2018, which are available on SEDAR at www.sedar.com.
Financial Highlights
The following table summarizes key financial highlights
associated with the Corporation's financial performance for the
quarter ended July 31, 2018.
|
July 31,
2018 ($)
|
|
July 31,
2017 ($)
|
Revenues
|
Nil
|
|
Nil
|
Expenses
|
3,408
|
|
4,094
|
Net Earnings
(Loss)
|
(3,285)
|
|
(3,940)
|
Total
Assets
|
74,211
|
|
93,800
|
Total
Liabilities
|
13,088
|
|
13,063
|
Total Shareholders'
Equity (Deficit)
|
61,123
|
|
80,737
|
About Vencanna
On September 24, 2018, the
Corporation announced the completion of a recapitalization
financing, the appointment of a new management team and board of
directors and commencement of trading on the Canadian Securities
Exchange. The transactions have transitioned the Corporation from
an oil and gas issuer to a merchant capital firm, rebranded as
"Vencanna Ventures Inc.". The recapitalized Corporation aims to be
a go-to capital provider for early-stage global cannabis
initiatives with an emphasis on state compliant opportunities in
limited licensed jurisdictions in the United States. The
Corporation looks to provide investors with a diversified,
high-growth, cannabis investment strategy through strategic
investments focused through-out the value chain (cultivation,
processing and distribution, and including ancillary
businesses).
SOURCE Top Strike Resources Corp.