Maybe Adam can sell Pixel before Feb. 28th 2020. He got to come up with some Big Money by then or Kiss his High Times Bye Bye The company owes $13 million to ExWorks Capital Fund I, L.P. ("ExWorks"), their senior lender, with interest payable monthly at 15% per annum. ExWorks is also entitled to an additional fee of $2.8 million when the loan matures on February 28, 2020.
High Times is also obligated through its debt covenants to maintain a 1:1 ratio of funded debt to average total cash and cash equivalents starting from February 28, 2019. The collapse in revenue and subsequent increase in losses in the first quarter of 2018 puts the ability of the company to meet these covenants in doubt. The company states that a failure to maintain their "financial covenants would represent an event of default which may also cause ExWorks to foreclose on our assets prior to the maturity date of the loan."
Only Problem I think Pixel finances are in the Pits too. We started out good in 2018 then all the Twitter and Tweeting stopped probably about the time Adam came Knocking and Neil had to let him start taking all the Cookies from the Cookie Jar.