RE:RE: My impressions.Incorrect on the warrants. That would be the case if GTI paid for them, but they got the warrants for free.
The increase in net cash used in investing activities was due to a $20,000,000 investment in iAnthus Debentures in January 2018. Part of the debenture purchase agreement, through a subsidiary received (i) an unsecured debenture with a principal amount of $20,000,000 accuring interest at the rate of 15% per annum, and (ii) 10,040,000 iAnthus warrants at an exercise price of $1.9928 per common share expring January 17, 2021. The subsidiary was capitalized by the Corporation and a group of private investors.
They were given the warrants free of charge at an exercise price of $1.99, it's much higher than 10% it would be 10% if they were paying for them.