As any operator in the U.S. cannabis industry knows, securing financing can be a little like climbing Mount Everest — it’s incredibly hard, you may not make it, but if you get to the top, it’s a great view. There are now signs that the climb might be getting easier.
U.S. cannabis companies have few options given the virtually nonexistent debt markets. This has forced numerous U.S. cannabis companies to access the equity market, which traditionally is considered a last resort given that raising capital in this matter is dilutive to existing ownership. For example, my company, KushCo Holdings, Inc. was recently able to make a private placement of a $21.3 million unsecured note without warrants or conversion features of unregistered shares. If the note is held to maturity, the cost of capital is approximately 13.3%. Although 13.3% may sound high, ultimately it is in line with traditional high yield market rates.
Legal what?
Oh, I bet, they(BANKS) smell the $$$$$$$$$$$&$$$$$$$$$$$$&$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$!$!!$!!$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Of course, yall love money more than the people.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
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