TSXV:EVE.H - Post by User
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Hempvestoron Jan 07, 2020 6:03pm
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Post# 30528097
RE:RE:Fresh off the press; This should burn our bashers
RE:RE:Fresh off the press; This should burn our bashersThe initial financing was what was needed for the expansion..
TSX-V: EVE; OTCQX: EEVVF) is pleased to announce that it has converted its existing short term $18,700,000 construction facility (the “Construction Facility”) with a Canadian Schedule I Bank to a five year term facility (the “Term Facility”).
We don’t need any cash as we still had 8m at the end of Q3 along with more in receivables. We’re in a very good position cash/debt wise, IMO this gives us ample opportunity for short term growth since the loan was due in full within coming months and we now have 5 years to pay it back.