Further Flexibility Ensuring Viability for Dynamic StrategyAlthough the interest rate appears somewhat high, this is a credit facility rather than a loan (think of a readily available personal non-qualifying backup credit line available whenever needed). Non-dilutive strategy shores up any concern regarding liquidity into the future.
Interest also may be capitalized which means it may simply be added to any accrued loan balance in lieu of any cash outlay.
Demonstrates the supreme confidence LUNA has in WeedMD, as any accrued balance is in second place to the primary loan facility.