Saturday, December 16, 2017 12:41:01 AM
They borrow on the inventory, then cover the debt when they sell them... and they are blowing games out right now, hence the rapid revenue growth... They have had 7 figure orders from the biggest retail names
This is GOOD debt because it allows them to fulfill/profit on large orders without having to have the cash available to buy the inventory upfront, which would be millions. They can use their cash elsewhere, like building location #3, GRO3, franchising infrastructure, etc.
This is perfectly healthy for a distributor dealing in high volume... I expect their inventory debt to rise even more in the future, along with revenues and profits.
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and validation.
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