goeasy Ltd EHMEF

Primary Symbol: T.GSY

Financial Services Credit Services

goeasy Ltd. is a Canada-based company, which provides non-prime leasing and lending services through its easyhome, easyfinancial and LendCare brands. The Company's segments include easyfinancial and easyhome. The easyfinancial segment lends out capital in the form of unsecured and secured consumer loans to non-prime borrowers. easyfinancial’s product offering consists of unsecured and real estate secured instalment loans. The LendCare operating segment specializes in financing consumer purchases in the powersports, automotive, retail, healthcare, and home improvement categories. The easyhome segment provides leasing services for household furniture, appliances and electronics and unsecured lending products to retail consumers. Its customers can transact seamlessly through an omnichannel model that includes online and mobile platforms, over 400 locations across Canada, and point-of-sale financing offered in the retail, powersports, automotive, home improvement and healthcare verticals.

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goeasy Ltd > Why the big drop in share price?

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Comment by pierrelebelon Mar 28, 2023 5:30pm

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Post# 35365571

RE:Why the big drop in share price?

You want to know why? Read this:

On March 20, 2023, 1195407 B.C. Ltd., Canada Drives Ltd., USA Drives Ltd., and Canada Drives Auto Finance Ltd. (Canada Drives) sought and obtained an Initial Order of the Supreme Court of British Columbia pursuant to the Companies’ Creditors Arrangement Act (CCAA).

As at March 17, 2023, Canada Drives Entities owed $87.56 million, consisting of approximately $29.1 million in secured debt, and unsecured convertible notes debt in the amount of approximately $58.46 million.

Largest creditors
goeasy Ltd. – $41.01 million

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