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Bullboard - Stock Discussion Forum MYM Nutraceuticals Inc MYMMF

MYM Nutraceuticals Inc is a Canada based company engaged in the business of acquiring and developing natural remedies. The company is focused on the medical marijuana business by producing cannabis growing facilities and products.

GREY:MYMMF - Post Discussion

MYM Nutraceuticals Inc > MYM Pays Back Trichome Loan in Full
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Post by AndyMan2 on Dec 05, 2019 8:55am

MYM Pays Back Trichome Loan in Full

MYM Pays Back Trichome Loan in Full

VANCOUVER, British Columbia, December 5, 2019 – MYM Nutraceuticals Inc., (CSE: MYM) (OTCBB: MYMMF) (“MYM” or the “Company”) is pleased to announce it has paid back the Trichome loan in full, is now completely debt-free, and maintains a healthy cash-positive bank balance.

Although the Trichome loan has been fully paid and there are no further obligations from MYM to Trichome with respect to the loan, Trichome remains supportive of the Company exploring potential acquisitions in the future. As such, the Company will continue its exploration to find great value, given current market conditions, and looks forward to working with Trichome on future projects.

“We are committed to our strategy of focused opportunistic acquisition. We remain debt-free with the ability to potentially access additional capital should the right opportunity present itself,” said Howard Steinberg, CEO of MYM. “With the increasingly complex capital market environment in the cannabis industry, we believe there are companies with valuable core assets that are poised to benefit from the restructuring expertise our team can bring, in terms of both capital and management support.”

“While we are pleased to have been repaid on our loan, we remain supportive of MYM as they pursue strategic options that may arise,” said Michael Ruscetta, Trichome Financials’ Chief Executive Officer.

In addition to the above, the BioHemp rescission is now complete. The transaction, by court order, has been rescinded and therefore treated as if it never occurred.

Comment by Cc0123 on Dec 05, 2019 9:02am
sure didnt come from any revenue money!!!! Now what ? Hmmm
Comment by WeeblesWobble on Dec 05, 2019 9:44am
IMO, loan repayment funds came from Biomass recession reimbursement.
Comment by cashmoneyboys88 on Dec 05, 2019 10:02am
Agree. Nice to see someone with some common sense posting here. Thank you. GLTA.
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