Bullboard - Stock Discussion Forum Acreage Holdings ACRGF

Healthcare Drug Manufacturers - Major

Acreage Holdings Inc is a vertically integrated, multi-state operator in the cannabis industry. Its business operations include cultivating, processing, distributing and retailing cannabis. The Company derives its revenues from its retail dispensary business where cannabis and cannabis-infused products are sold to consumers. Its geographic segments include New England, Mid-Atlantic, Midwest... see more

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Acreage Holdings > Acreage credit facility

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Post by Alex95 on Feb 16, 2020 8:38pm

Acreage credit facility

Acreage is in the midst of completing a big deal. If you read the details of the 100 million dollar credit facility, they are planning on drawing down 49 million by the end of feb 2020, with the private placement just closing as well that means they have 79 MILLION US DOLLARS to make a deal. They wouldn't be drawing down the first tranche of the credit facility and pay interest on it if it wasn't going to great use shortly after. I wouldn't be surprised for them to announce a behemoth of a deal within the next month or two.

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