GREY:DLTNF - Post by User
Comment by
gnote1on Dec 07, 2022 10:25am
167 Views
Post# 35156075
RE:RE:DELTA 9 AtM
RE:RE:DELTA 9 AtMIF they need to use this ATM, hopefully the SP is higher then it is now. They can sell at anytime between now and Otober 2023, and wait for positive news to start the sale. Doesnt have to be all at once but periodically in the timeframe if and when marijuana stocks recover.
"The volume and timing of distributions under the ATM Program, if any, will be determined in the Company’s sole discretion. The ATM Program will be effective until the earlier of the issuance and sale of all of the Common Shares issuable pursuant to the ATM Program and October 9, 2023, unless terminated prior to such date by the Company or the Agent. As Common Shares sold in the ATM Program will be issued and sold at the prevailing market price at the time of the sale, prices may vary among purchasers during the period of the distribution. The Company expects to use the net proceeds from the ATM Program for general corporate purposes and working capital needs."