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Bullboard - Stock Discussion Forum DionyMed Brands Inc (Sub Voting) DYMEF

DionyMed Brands Inc is a multi-state cannabis brand and distribution platform based in Canada. The company provides support to cultivators and manufacturers of medical and adult-use cannabis products. It sells branded products in every category from flower to vape cartridges, concentrates, and edibles. Geographically, it derives a majority revenue from the United States of America. The company... see more

GREY:DYMEF - Post Discussion

DionyMed Brands Inc (Sub Voting) > DionyMed Brands To Be Taken To Court By Flow Capital
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Post by AwareInvestor on Sep 21, 2019 1:10pm

DionyMed Brands To Be Taken To Court By Flow Capital

The bad news just keeps coming for DionyMed Brands. Following the announcement earlier this week that it had attempted to restructure its debt, it seems that certain creditors were not satisfied with the result. Flow Capital Corp last night announced that it has commenced legal proceedings against the firm.
Comment by crockdundy on Sep 22, 2019 3:43pm
This post has been removed in accordance with Community Policy
Comment by ProfitPredator on Sep 23, 2019 10:57am
It has a plan in place for debt restructure, Flow Capital Corp ($FW) is just a nano-cap as well with a tiny investment of $1 million in DionyMed Brands. Take your scares elsewhere and start covering your short position.
Comment by Tuco110 on Sep 23, 2019 1:21pm
It's completely false and misleading  posts like this that give bullboards a bad name. Why did you omit the fact that Flow is seeking $2.7mil in late royalty payments as well as their original $1mil investment? You also ignored Gotham Green's demand of the reurn of their $2.2mil investment. Do you work for CNN or MSNBC?
Comment by Thejew on Sep 23, 2019 4:36pm
Big deal...They owe a wopping $5M in over due debt. Considering bigger companies buyout smaller Cannabis companies for 20,30,50,100M more than they are worth $5M is nothing.  DYMEF has tons going for it, huge revs, tons of licenses, great partnerships, etc etc this is a steal for a bigger fish.  Basically the CFO blew it and he was fired. Cut down employee cost, which was really my ...more  
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