TSXV:RTI.H - Post by User
Comment by
lscfaon Jan 14, 2020 11:23am
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Post# 30551009
RE:RE:RE:Radient Technologies Enters Sale Leaseback Arrangement
RE:RE:RE:Radient Technologies Enters Sale Leaseback ArrangementThe loss is 50 cents on the dollar..... $20 million for $41 million....
- The Company announces today that it has signed a Non-Binding Letter of Intent (the “LOI”) to enter into a Sale-Leaseback Agreement and Equipment Financing (the “Agreement”) with RealCanna Investment Trust (“RealCanna”), which would allow Radient access to additional capital totaling approximately CAD $41 million. This Agreement will incorporate the land and buildings on which Edmonton I, II and III have been built, as well as the machinery and equipment located on/within the land and buildings. The Agreement is subject to final due diligence by RealCanna, and the completion of definitive documentation. The anticipated close date is early calendar Q1, 2020.
Shazam57 wrote: How much of a loss though? It also cleans up other debt and no dilution. No info on how much their 20 year lease agreement is for. Perhaps it is in part of a bigger deal coming down the pipes. I advise caution when dealing with deep dive info. I find they don't tell the whole story.