Is price action catching up with risks?
Seems like the market is realizing the risks Ianthus has in funding large scale projects in the USA with their current model. With this new deal also funded with debt, the unsecured note + existing convert take it to almost $23million in equity linked and real debt. The company is still burning money (accumulated losses from last SEDAR report of $13million I believe) and revenues are small, like on a run rate of maybe $2-3million. Whats attractive here again?