GREY:DLTNF - Post by User
Post by
Kevelleon Jul 25, 2018 7:11pm
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Post# 28367820
"Eat my shorts, man" - B.Simpson Longs will prosper!
"Eat my shorts, man" - B.Simpson Longs will prosper!"This agreement shows real confidence in our Company's business operations, but also a shift in attitude toward our entire industry, as we approach the full legalization of recreational cannabis in October," Arbuthnot says. "More importantly, this debt facility combined with our $23 million prospectus financing which closed last December makes us fully funded for the execution of our business plan in 2019." Prime + 1%, great work from CFO, Brent Bottomley
“Our Company is aggressively expanding to increase our reach in Canada and abroad, although equity markets for cannabis issuers in general have pulled back from highs reached early in 2018. In order to preserve shareholder value over the long term, it was important to us to find a non-dilutive source of capital to help finance our growth”
Delta 9 CEO John Arbuthnot says the loan agreement marks a shift in the thinking of chartered banks (Tier 1 Banks) about the cannabis industry.