Santo Mining Q2 2023 net loss $312K; zero revenue; going concern flagged

GROOVY COMPANY, INC.

Revenue $0 for Q2 2023 and six months; net loss $312,507 (Q2) and $588,246 (YTD).
Accumulated deficit $6.92M; total liabilities $4.79M exceed total assets $340K.
Going concern warning: no revenue sufficient to cover costs; dependent on additional capital.
Name changed to Groovy Company, Inc. in Jan 2024; business pivoted to cannabis blockchain platform.
Cash $35K; convertible note payable net $1.61M; derivative liability $2.18M.

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