RE:RE:RE:RE:RE:RE:Nextleaf secures financing I need to disagree with you Blizzy. Just because the cannabis industry is riddled with sleezebag investors that utilize convertible debentures to protect their investment, gain interest and then convert the debt to shares it is not how the broad investing community uses convertible debt.
A 10% discount is cheap and so is the 5% note. Typically it's 20% and 8-9%. Convertible notes can benefit both parties. Investor gets some security but can also benefit from an acquisition in the future. I agree with the potential debt conversion but this is very much dependent upon who the investor is and what their intentions of investing in the company are.
This is also their first debt acquisition unlike most in the industry that have built their companies on this model. Has to be good news to have an institutional investor on board. Can only say time will tell.