RE:RE:RE:RE:RE:i’ll trust bmo Imo, This isn't good at all. It's the last chance. If it was some easy to get financing why not convertible debt? Or just a simple loan, with not giving up your entire asset? Get a loan with no assets attached and just a promise note to pay it back, then I'm impressed. You think the bank doesn't have covenants to not allow anymore financing to take place without their authority? The bank loans on hard asset value, that's it. They don't care you have a plan to take over the world or not, they take the assets and make sure they are covered and loan the remaining value making sure they have little to no risk. They just sit back and make there cool 6%, I think we did the math how much this is costing shareholders before. Lol, I wonder how much is left to be drawn down on? Sounds expensive. Btw, welcome to the 40's nice new low, sounds like the market agrees with you guys and the loan was grrrreaattt!
Irie99 wrote: don't be naive. no bank is lending to cannabis companies on the very amenable terms fire received. bmo is savvy. yes the loan is backed by assets but that's exactly why this is undervalued. buy now and this is an easy double by this time next year once ontario gets off its duff.