RE:RE:RE:RE:Not Extending Debenture Maturity DateAfter researching the issue, here's my thinking:
-TGIF had (and has) the option of pushing deb conversion (and resulting equity dilution) out another 16 mos, and is choosing not to do so.
-by moving forward with conversion in Sep/21, company eliminates deb interest payments in 5 mos rather than 16 mos
-conversion results in equity dilution
-bottom line: speculating that, since announcing deb maturity extension, company re-assesed both its cash position (beefed up owing to recent pp), current revenue/cash flow, and future revenue projections based on current sales and anticipated growth owing to further product penetration and NV re-opening / tourist trade returning, and concluded that: numbers are in favour of eliminating debenture interest payment overhang sooner rather than later; and equity dilution will not negatively impact share price especially once financials are revealed prior to Sep.
Yes, I'm biased in favour of TGIF, believing the company will take off anytime (if it hasn't already; share price to follow) owing to increasingly favourable regulatory environment, re-opening of economy and company specific growth initiatives. Other US based pot companies are doing well, share price wise; every reason to believe TGIF will follow suit.