RE:RE:RE:RE:RE:RE:BASIC DD completed... Here is where I am at so far..... Total debt is $17,500,000 with all loans ranging 6%-9%. The loan with 14% was paid in full Q2 2020. The $22,000,000 cash injection will let them pay back to pay back much of their debt.
Sales in US have more than doubled even in 20 sales in Canada have been cut in half. The rise is US sales are the result of acquisitions and growing demand while the Canadian sales drop is a result of covid restrictions. By Q3 I’m anticipating Canadian sales to normalize and grow into larger back orders for 2021 and beyond.
This is M partners analysis from May 2020 and their $1.20 price target
https://howardgroupinc.com/wp-content/uploads/2020/05/CVX_200522_research.pdf