Chalice Brands Ltd CHALF

Chalice $10MM more in debt 70% increase from Q2

[RebeccaG]

Debt to asset ratio is 71.3 which means every dollar chalice owns, it owes $71.3
Interest not paid and debenture matures in 2022! Any reasonable manager goes and boroows more with interest?
READ this: I present facts for discussion: I don't bash nor pump. I lost 80% of my money here
Chalice borrowed $10 millions again on October 7th. This matures in 36 months and bears an interest as described below. Check out this link
https://finance.yahoo.com/news/chalice-brands-ltd-announces-private-113000533.html
Here is a short view: .......Pursuant to the Offering, the Company will issue, for gross proceeds of up to C$10 million: (a) Debenture Units, each Debenture Unit to be comprised of (i) one C$1,000 principal amount unsecured convertible debenture (each, a "Debenture" and collectively, the "Debentures") and (ii) 500 warrants of the Company (each warrant, a “Warrant”); and (b) Equity Units, at a price equal to C$0.75 per Equity Unit (the "Equity Issue Price"), with each Equity Unit to be comprised of (i) one common share of the Company (each, a "Common Share") and (ii) one-half of one (1/2) Warrant.
The Debentures will mature on the date that is 36 months from the date of issuance (the "Maturity Date") and shall bear interest at a rate of 10% per annum from the closing date of the Offering (the “Closing Date”),