OTCQX:ACRGF - Post by User
Post by
Homestretch4meon Jun 17, 2020 5:12pm
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Post# 31162175
As follows
As follows
The 60 million-dollar financing that acreage just secured add a delay on when the funds would be available. I believe this is just a short-term Bridge Loan until those other funds become available. At least that's what I'm hoping. I can't see acreage entering into a financing deal like this were there paying 60% per annum unless they had plans to pay it off in the very short-term and early payment is penalty-free. If I'm wrong and that's not what this is, then acreage is in real trouble. The other thing that troubles me is that acreage could call Canopy I say listen we're cash-strapped can we find a way where you guys can give us financing at Fair terms. Now I understand that canopy cannot make a direct investment in acreage but they could do an end-around by providing canopy rivers with money who could in turn invest in acreage. It troubles me that this wasn't done even for this Short Term Loan. Not sure what I'm going to do, but I do have my finger on the trigger if I don't like the response I get from acreage investor relations. The other troubling thing is that acreage management knows that this financing deal would send shock waves through it's share price. The fact that Kevin Murphy didn't get out ahead of this and issue a press release to explain this is very very troubling. Perhaps the most troubling out of anything. Good luck guys I hope this works out for all of us.