Top Strike Announces First Quarter Financial Results
October 11, 2018 – Calgary, Alberta – 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, re-branded 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).
For further information regarding this news release, please contact:
David McGorman Jason Ewasuik
Chief Executive Officer and Director Vice President, Originations
Phone: (403) 351-1779 Phone: (403) 992-9676
Top Strike Resources Corp.
Suite 300, 407 – 3rd Street S.W.
Calgary, AB T2P 4Z2