RE:BrentkoskaMy last post I missed the response to this statement.
brentkoska wrote:
There was/is only one cannabis hype. Albeit a few years. It would have behooved FIRE to exploit that hype to their best ability. And raise capital at a much higher multiple. However they failed in doing so. So dilution and poor financiing strategies has hampered us. Quiet behind the scenes growth is NOT how you build a compnay in this industry. Especially when you need to raise money.
If you look at every single market entrants financing pre legaliztion, they all had very similar deals structured for financing. Also, why would you want a company to take on more debt than they need? I like the fact that we are sitting on so much cash and won't need to seek any more funding. But over alloting debt just to have it is silly and a recipe for disaster. Its not like tier-1 lenders were lining up to finance a grey market company.