Bullboard - Stock Discussion Forum Acreage Holdings ACRGF

Healthcare Drug Manufacturers - Major

Acreage Holdings Inc is a vertically integrated, multi-state operator in the cannabis industry. Its business operations include cultivating, processing, distributing and retailing cannabis. The Company derives its revenues from its retail dispensary business where cannabis and cannabis-infused products are sold to consumers. Its geographic segments include New England, Mid-Atlantic, Midwest... see more

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Acreage Holdings > Wow

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Post by Homestretch4me on Jun 17, 2020 5:06pm

Wow

those are the shittiest Finance terms I've ever seen. I haven't been able to get a response from investor relations at acreage today but my take on this financing is as follows

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Comment by Ronsade on Jun 17, 2020 5:12pm

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Comment by Homestretch4me on Jun 17, 2020 5:14pm

End of the line is still a far ways off. It depends on the reason for the short-term financing. Remember they now have access to 75 million dollars in total, which will buy them roughly six months to a year

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Comment by Ronsade on Jun 17, 2020 5:16pm

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Comment by geodcan on Jun 17, 2020 5:48pm

i'm not sure but it is a reasonable question. Risk capital got a whole lot more expensive recently by those willing to lend into a space that is looking at heavy attrition and failures. Speakeasy almost matched Acreage for their financing with a deal that cost 55%. I remember the days when excessive interest charges were called usuary and illegal. Used to only get raked ...more

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Acreage Holdings