RE:FinancialsPedal2themetal7 wrote: In order to obtain the 90 million in corprote credit, the institution has to be very confident the company will be profitable.
As I said in my previous post, and you also recognize it, this part is a HUGE deal.
It's very difficult for a company to obtain this tier of financing based on the due dilligence performed and critiria required. Obviously BMO was satisfied with Supreme's balance sheet, business plan, performance of strategy execution, in order to provide them this lending product. This alone will attract more institutional investment.
Look at TGOD and the high interest dillutive financing they announced earlier today. Supreme is now past the stage of sh1tty financing deals.
Access to cash is key for companies.