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Kadestone Capital Corp. Reports Q3 2021 Financial Results
Kadestone Capital Corp. Reports Q3 2021 Financial Results Canada NewsWire ...
About this update from Kadestone Capital Corp.
[{"type":"text","content":"\n \n \n \n Kadestone Capital Corp. Reports Q3 2021 Financial Results\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 25, 2021\n \n /CNW/ - Kadestone Capital Corp. (\"Kadestone\" or the \"Company\") (TSXV: KDSX) (OTCB: KDCCF), a vertically integrated property company today announced its financial results for the nine months ended\n \n September 30, 2021\n \n .\n \n \n \n \n \n \n \n \n \n \"Accessing the capital from the Kyle Road property will allow the Company to pay down debt used towards the\n \n Chilliwack\n \n and\n \n Squamish\n \n investments to ensure the optimal use of invested capital\" said\n \n Brent Billey\n \n , the Company's CEO. \"We are excited about our progress this year in identifying opportunities and securing additional investments,\" continued Mr. Billey.\n \n \n In addition, the Company announces the grant of stock options to Director Dr.\n \n Anthony Holler\n \n under its stock option plan to purchase an aggregate of 100,000 common shares of the Company at an exercise price of\n \n $1.80\n \n per share, to vest over a three-year period and with an expiry date of\n \n November 23, 2031\n \n .\n \n \n Financial Results\n \n \n The Company recorded a net loss for the nine months ended\n \n September 30, 2021\n \n of\n \n $1,935,111\n \n or\n \n $0.04\n \n per share compared with a net loss of\n \n $1,723,733\n \n or\n \n $0.06\n \n per share for the same period in the prior year. This loss was primarily due to expenses incurred for the ongoing operations of the Company which included salaries and wages of\n \n $439,824\n \n , stock-based compensation of\n \n $614,612\n \n , interest expense of\n \n $419,047\n \n and professional fees of\n \n $235,295\n \n which were offset by a fair value adjustment on investment properties of\n \n $160,999\n \n . Our net cash used in operating activities for the nine months ended\n \n September...