RefinancingRefinancig ,,I am not defending Irwin Simon ,,but sometimes refinancing should be done ,
Have you ever refinanced ? I read some posters saying getting a loan for another loan is crazy ..etc...
That same poster has probably paid off his racked up credit cards using his line of credit or consolidated all his loans and got a loan from a bank at a lower interest rate ,.. sound familar ?
The Marijuana industry is a new industry and it's no secret ,, it is struggling ...
I will remind you of a few Marijuana companies that refinanced / extended loans not too long ago...
Curaleaf refinanced 425 million ,, Dec 14 ,2021 for existing debt
Trulieve 71.5 million ,, Dec 2022
Village farms 25 million us Jan 30, 2023
I could spend all day listing others but you know the whole sector is in the same boat ...
All the Companies I mentioned when they annouced the refinancing took a big hit in stock price similar to Tilray..
I don't agree with Irwin Simon in a lot of things ,, in my opinion he should be hunkering down and
being in survival mode instead of buying crappy Companies like( Hexo ) ,, STOP SPENDING
Until more countries become legalized , and the Untied States fixes the debt cealing ,and the market picks up ,, the Marijuana companies are going to struggle and need to borrow money and
sometimes have to refinance their existing loans ..
Vegas