Unique Logistics International Inc (UNQL)

[Deuces]

The guy who wrote that article didnt mention the company already received financing for the expansion prior to RMing into INNO. And the article below also confirms the rev numbers being over 100 million as per the ceo. Sounds to me this article missed a few key points and sounds a little bearish but tries not to look it.

From June 2020

Unique Logistics Successfully Closes $12 Million Secured Debt Financing and Three International Acqu

Lucosky Brookman LLP is pleased to announce the closing of a $12 Million senior secured debt financing. Lucosky Brookman served as lead counsel for its client, Unique Logistics Holdings, Inc., in connection with a factoring facility and acquisition financing. The financing permitted the acquisition of three international companies. The cross-border transaction “is a transformative transaction in accelerating our long-term strategic goals of the company” stated Sunandan Ray, CEO of Unique Logistics. “We have been fortunate to surround ourselves with talented partners. These teams have been wonderful to work with through this process, and we are eager to move forward with them in our next phase of growth and development.”

Unique Logistics is a fully comprehensive, international logistics solutions business. Their services include air freight forwarding, ocean freight forwarding, purchase order management, insurance, customs brokerage and consulting, warehousing, and last mile delivery services. The company has been in business for over 35 years, generates over $100m in revenue annually, and is one of the top 50 NVOCCs in transpacific Eastbound shipping, with a strong presence in the US, Greater China, South East Asia, and Indian Subcontinent.