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Bullboard - Stock Discussion Forum Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and... see more

TSX:WEED - Post Discussion

Canopy Growth Corp > Cannabis firm Acreage gets $100 mln credit facility
View:
Post by Xbolt3388 on Dec 16, 2021 7:39pm

Cannabis firm Acreage gets $100 mln credit facility

from AFC Gamma, Viridescent Realty


[url=https://www.reuters.com/markets/us/cannabis-firm-acreage-gets-100-mln-credit-facility-afc-gamma-viridescent-realty-2021-12-16/?rpc=401&][/url]
Comment by WestCoast78 on Dec 16, 2021 7:56pm
  150M at 9.75%.  Big upgrade from 18months ago, when they borrowed 15m at 60%!!!   These guys are a turnaround story and these rates reflect that.  https://www.globenewswire.com/news-release/2021/12/16/2354124/0/en/Acreage-Holdings-Secures-150-Million-Credit-Facility-to-Accelerate-Strategic-Growth-Initiatives.html
Comment by WestCoast78 on Dec 16, 2021 11:18pm
Pretty strange that a company with a M cap of 277M could get a 150M loan. 
Comment by lou64 on Dec 17, 2021 8:36am
Gloating over a loan base that isn't coming from a parent company Canopy ( outsider having access to profits ) isn't very bright ... that AFC Gramma just opened Pandora's box on what will happen to Acreage when or IF legalization ever comes with Canopy trying to run the show and it shows Canopy lack of FAITH about legalization happening ????? ... This isn't good news release for ...more  
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