RE:RE:RE:The Valens Company Enters into $40 Million Debt FacilityWhen you're spending money, makes sense to raise a little that isn't dilutive (big point). Chances are they are spending a lot of cash on their facility expansions (Pommies and Kelowna) so next quarter they can still point to a strong cash balance sheet.
I don't forsee an acquisition, why would they when they can start up in any geographic location for pennies on the dollar.
Personally I think this is all about the balance sheet showing cash and strength.