GREY:FFLWF - Post by User
Post by
TRauhalaon Jan 19, 2020 3:21pm
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Post# 30571304
Maturing Debt and Dilution Concerns?
Maturing Debt and Dilution Concerns?Is anyone concerned about the companies ability to desal with its maturing debt? (see Grizzle article via link below)
"Like most cannabis companies Fire and Flower (F&F) needs to deal with some big debt maturities on the horizon before investors can be confident they aren’t about to get diluted out of existence.
F&F has $43 million of cash, but $47 million of debt due in June and July 2020. When you add on the $5 million a quarter burn rate, it’s highly likely there won’t be enough cash to pay off the debt."
https://grizzle.com/fire-flower-faf-q3-2019-earnings/