OTCQX:ACRGF - Post by User
Post by
Alex95on Feb 16, 2020 8:38pm
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Post# 30698261
Acreage credit facility
Acreage credit facility Acreage is in the midst of completing a big deal. If you read the details of the 100 million dollar credit facility, they are planning on drawing down 49 million by the end of feb 2020, with the private placement just closing as well that means they have 79 MILLION US DOLLARS to make a deal. They wouldn't be drawing down the first tranche of the credit facility and pay interest on it if it wasn't going to great use shortly after. I wouldn't be surprised for them to announce a behemoth of a deal within the next month or two.
Al