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Aegis Brands Inc SCUPF


Primary Symbol: T.AEG

Consumer Cyclical Restaurants
Aegis Brands Inc. is a Canada-based company that owns and operates St. Louis Bar and Grill (St. Louis) and Wing City by St. Louis (Wing City). St. Louis Bar & Grill service wings, fries, and garlic dill sauce, and their local neighborhood restaurants offer service in a casual sports bar and grill setting. Certain of St. Louis products are available for purchase at selected grocery retailers in Canada and online through their application and Amazon. It undertook construction on two Wing City fast-casual locations in Toronto. Wing City focuses on offering St. Louis wings, boneless, plant-based wings and fries and dill sauce. The menu also includes various items, such as chicken fried ribs, and a chicken thigh sandwich. It owns about 73 St. Louis franchised locations across Canada and three corporately owned restaurants.


TSX:AEG - Post by User

Aegis Brands Inc > DN to buy out AEG
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Comment by Debentureson Dec 08, 2020 9:29am
200 Views
Post# 32056790

RE:RE:DN to buy out AEG

RE:RE:DN to buy out AEG
DirtyCadillac69 wrote: Source???? I believe you but I would like more info. Please.      
Debentures wrote: Delta 9 is buying out Aegis




 

Without getting into too much detail Delta 9 and CWS have had a relationship now. Delta 9 was the first Cannabis co to receive a loan by CWS

Aegis Brand has been racking up accounts payable to a point of no return and is on the brink of claiming bankruptcy. This is a senior secured loan is secured by all the assets of Aegis. Once bankruptcy filings happen CWS has first dibs to liquidate assets of second cup in order to reclaim their 4 mill loan.

They will facilitate a deal to Delta 9 for all the cannabis assets IMO. The rest of the coffee business.. I have no idea. 

 

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