Thursday, January 13, 2022 11:42:52 AM
First: In agreement with Knife's comment. Key Investment Partners - Scott Jordan Sept 15th podcast, at the 14:27 mark: "The top 15 to 20 companies are only properly bankable. If you look at the numbers Viridian put out only 5 of the top 10 show a net profit. Other companies have shown EBITDA positive, but banks dont loan on EBITDA positive, they want to make sure that you are able to make a profit." For SHWZ to receive an approval for a loan that is above their OTCMarkets page market cap is incredible.
Second: The rate displayed is not always the 'true' rate. There could be an extra 3%-4% on top of the posted amount for (and I could not find the podcast for the exact term used...but essentially) administration fees related to gray market operations/services. Personally, I wonder if SHWZ is revealing the true value of their percent whereas Curaleaf is only revealing the posted interest rate (without any behind-the-scenes extras). I only really mention this because Curaleaf is still reporting in IFRS, and not GAAP accounting. Side note: This annoys me...and I consider it 'shady' behavior. First of all, I wonder just how 'Top MSO' the company would be if it had to report in GAAP. But in addition to that, for a company who has one of the most vocal mouthpieces in the US industry...to spend all 2021 hyping up US federal legalization and interstate commerce...the continued company's operations dont match the speak. The company is not ready for uplisting and the company is still approaching the market treating the forever US landscape as State run, and not federal, with limited licensing.
Third: Key Investment Partners - Scott Jordan Sept 15th podcast, at the 21.06 mark: "Many times speed is one of the important factors." The speed of the close could also dictate the interest rate. Maybe Curaleaf has been working on this funding for some time and was willing to wait for a lower rate whereas SHWZ saw an opportunity, and instead of waiting accepted a higher interest so it could move forward with the deal.
Recent SHWZ News
- Form 8-K - Current report • Edgar (US Regulatory) • 07/11/2024 09:00:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 08:11:33 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 05/17/2024 08:12:44 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:50:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 09:26:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 12:34:36 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 12:33:43 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 12:32:39 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/23/2024 12:30:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:52:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:01:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:00:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 12:27:57 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/15/2024 11:36:05 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 01/31/2024 10:27:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/16/2024 09:08:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/16/2024 09:07:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/12/2024 09:41:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 04:40:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 10:01:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 10:00:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:56:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:53:45 PM
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