Post by
jcorobow on Apr 15, 2021 10:35am
New debt?
Credit facility balance as at Dec 31/20 was $5.2 mil.
Seems they have upped the utilization since year end.
From the MD&A: "Current utilization on April 14, 2021 of the total availability with TD is $6.2 million"
Where did the extra million go?
Comment by
microcaphobby on Apr 15, 2021 9:42pm
Maybe they increased inventory. Retailers get big discounts if they place big orders so the company may have decided to take advantage. Sales per store are up more than 10% yoy.
Comment by
jcorobow on Apr 16, 2021 10:10am
Might make sense if they were stocking up in spring to get ready for summer. Although, thats the big increase to debt over a short period of time. Also some of the increase i would assume would still be in AP. Something to watch out for.