Bullboard - Stock Discussion Forum Westleaf Inc. WSLFF

Westleaf is a Canadian cannabis company focused on cannabis brands, extraction and production of derivatives, wholly owned retail, as well as cannabis cultivation. The Company’s extraction and processing facility, The Plant, will produce high quality and consistent cannabis derivatives and consumables, both for Westleaf’s in-house brands as well as white label products. Westleaf’s retail... see more

Add To Watchlist

GREY:WSLFF - Post Discussion

Westleaf Inc. > Westleaf receives about 6 Million from ATB

View:

Post by SoCalLife on Oct 02, 2019 8:29am

Westleaf receives about 6 Million from ATB

No dilution, and they’re well funded while the sector gets pounded. Smart move!

https://www.newswire.ca/news-releases/westleaf-receives-additional-5-7-million-of-capital-from-atb-financial-851009388.html

224

Comment

Comment by forfun on Oct 02, 2019 10:30am

Wow. Are you honestly spinning this as positive news? Well funded while the sector gets pounded? lol. Increasing loans AGAINST facilities (assets). "Well funded" = spending cash like drunken sailors.

190

Comment

Comment by RustyRobin on Oct 02, 2019 1:01pm

AGAINST facilities that don't even have licencing yet, and the loan is contingent on licencing. SOUNDS SOLID!! Mgmt deserves a gold star, something else they can throw money away on.

181

Comment

Comment by JasonAvalone on Oct 02, 2019 6:27pm

This post has been removed in accordance with Community Policy

Comment by Gametrader on Oct 03, 2019 5:32pm

Up 10% on the news. Can’t complain about that.

139

Comment

Comment by JohnAltavira on Oct 03, 2019 7:20pm

This post has been removed in accordance with Community Policy

Comment by forfun on Oct 04, 2019 9:53am

Oct 1 - Closes @ $0.325.share. Oct 2, 9am - Announce funding deal. Shares plummet to a low of $0.28/share (reason could be both market and/or horrible funding news release) Oct 2 - Closes @ $0.295/share (10% loss). Oct 3 - Closes @ $0.325/share. Oct 4 - Trading @ $0.335/share. Oct 4 - Entire MJ industry share prices recover on similar level as Westleaf's chart. Oct 4 - Westleaf ...more

136

Comment

Comment by Gametrader on Oct 04, 2019 11:05am

Haha you’re right I guess. I don’t follow it that closely. Still going up though. Not sure why or how but I’ll take it.

140

Comment

Comment by forfun on Oct 04, 2019 12:20pm

Definitely the market correcting itself. It's great to see. I may sound like a troll to some but it's nice to see the market (and Westleaf) trade higher. I just hope that good folks don't (didn't??) lose a lot of money in this correction.

174

Comment