ENOUGH IS ENOUGH, more debt and a second lien over assetsAND LOAN BY A PRIVATE LENDER, if the financial institutions refuse to loan you bucks!
I am a long time shareholder and regretably purchased a ton of the $1 exercise price warrants thinking that this would be the last financing only to be undercut by the $5 million financing.
Management seems to have run out of money again, when as always, there last loan would indeed be their last. CEO Brian is a marketing guy and you bring this guy in post operations however you require an operations and finance guy to get the company up and running full steam. Brian was the wrong guy for the job. ENOUGH IS ENOUGH.
THIS IS NOT AN APRIL FOOLS JOKE ... LOL
The Green Organic Dutchman Announces Additional $35 Million Credit Facilities
Canada NewsWire
TORONTO, April 1, 2020
/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
TORONTO, April 1, 2020 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX:TGOD) (US:TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that the Company has entered into a $30 million secured revolving credit facility (the "Facility") with a private lender (the "Lender") that is secured on accounts receivable and inventory, with a second lien over the Company's other assets. The Facility has an initial term of one-year, subject to renewal for up to an additional year.