TSXV:MRS.H - Post by User
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Checkouton Dec 09, 2021 11:13am
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Access To Capital & New Relationships
Access To Capital & New Relationships - With a low a market cap, significant new contract awards and compelling advantages over competitors, MRS offers an attractive risk/reward ratio at current levels.
- The company has major contracts with the Defense Logistics Agency, General Services Administration, US Army Corps of Engineers and the National Security Agency.
Access To Capital & New Relationships
For Unifire, a key benefit of being acquired by Mission Ready is access to new capital to rapidly scale the business and for MRS, they can tap into the relationships that Unifire has been able to forge since 1987. Previous company news releases have stated that Unifire has historically been limited in its access to capital, which has constrained its ability to bid competitively on orders through the DLA SOE contract and others.
To address the anticipated growth capital needs, MRS in a recent interview highlighted that it has secured a credit facility which provides immediate access to a minimum of $20 million USD, and is scalable up to $100+ million USD in the short term
The company has been at the forefront of Covid-19 pandemic having been awarded a $24M contract from FEMA. Mission Ready Solutions has been providing PPE solutions as demonstrated with the reward of the $24 million contract from the Federal Emergency Management Agency (“FEMA”) At FEMA’s discretion, an additional $12,000,000 was to be awarded for a total contract value of CAD $36,000,000
https://wealthhub.ca/mission-ready-solutions-is-more-than-ready/