$LVT to leverage $12 loan to expand Levitee Labs Inc. ( $LVT.C $LVTTF ) is a psychedelic wellness company, whose assets include several psychedelic-focused pharmacies and mental-health treatment centres.
Last week $LVT announced that it entered into a $12M financing agreement.
They are taking a loan from RiverFort Global and are going to leverage the debut to acquire several assets including clinics, pharmacies, and other mental health spaces.
Overall, I think that this loan is going to be really good for them, as out-expanding the competition is one of the best ways to stay ahead of them especially in a newly emerging sector.
$LVT is up today trading at $0.395 (MC $31.64 M)
https://www.globenewswire.com/news-release/2021/10/21/2318291/0/en/Levitee-Labs-Enters-into-Credit-Facility-For-Up-To-12-Million.html