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Bullboard - Stock Discussion Forum Planting Hope Co Inc V.MYLK

Alternate Symbol(s):  MYLKF

Consumer Defensive Packaged Foods
The Planting Hope Company Inc. is a Canada-based food technology company focused on leveraging ingredient, formulation and packaging technology to develop sustainable food and beverage solutions. The principal business of the Company is to develop, launch and scale nutritious and sustainable consumer packaged foods and beverages in the natural food products segment of the United States, Canada... see more

TSXV:MYLK - Post Discussion

Planting Hope Co Inc > MYLK.v secures $3.2M line of credit
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Post by StockHawk1 on May 18, 2022 5:57pm

MYLK.v secures $3.2M line of credit

Earlier this week The Planting Hope Company Inc. ($MYLK.V $MYLKF) announced that its subsidiary, Planting Hope Brands entered into a non-dilutive revolving line of credit agreement with CircleUp Credit Advisors. 


Under this agreement, $MYLK will get a credit limit of about $3.2M at a simple interest rate of 10.25% per annum.


IMO this is a really good more for $MYLK as the liquidity will let the company meet the growing demand for its offerings.


More here: https://ca.finance.yahoo.com/news/planting-hope-announces-usd-2-112500341.htm



After an overall green week, $MYLK is trading down rn making it a good time to BTD, IMO.


$MYLK @ $0.57

MC $27.217M

 
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Planting Hope Co Inc