Cannabist Co Hldgs Inc (CBSTF)

[In Plain Sight]

413MM FDO shares by this chart which takes in warrants, options, restricted and conversions etc.

🇺🇸 Canna Comp Sheet - Read the Footnotes - Flag any issues $TCNNF $CURLF $GTBIF $CRLBF $VRNOF $TRSSF $AYRWF $JUSHF $FFNTF $CCHWF $AAWH $ACRDF $ACRHF $RWBYF $CNTMF $HBORF $MRMD $CXXIF $SHWZ $BMMJ $GLASF $CPTR $PLNHF $GDNSF $LOWLF $INLB $MMNFF $GLDFF $GRAMF $GAEGF $VEXTF pic.twitter.com/tbLmlZJ3Vv

— 🇺🇦 Free CashFlow (@cashflow_free) January 2, 2022

As for debt increases, I'd imagine if their three existing senior debt holders are eager to lend more, the terms will change, like conversion prices.

If there is nothing until the mid-terms they should spend their time figuring out how to turn a profit with their size --now if they want to be a viable security with actual buying power later.

This idea of stacking of borrowing is just another way of saying how good the current model isn't working or reducing the need to feed their capital structure when it SHOULD be feeding itself. If this isn't the case they should explain it to us so it's seen as a net positive and not more net debt piled on. Personally, I like seeing the rates of pay downs in the financials and announcements of debt retirement vs new no amount given debt requested.