InvestorsHub Logo
Followers 9
Posts 1192
Boards Moderated 0
Alias Born 11/10/2017

Re: Huggy Bear post# 48090

Wednesday, 02/02/2022 10:56:09 AM

Wednesday, February 02, 2022 10:56:09 AM

Post# of 50018
I think this is the answer to your question, two links below make it clear to me. The timeline for the new credit line is about a month before they made the acquisition and it falls right in line and I think the second and third links explain where they got the money.

"We recently announced the pending acquisition of two long established jam and jelly brands in the marketplace which generate approximately $800,000 in annual revenue. This acquisition fits nicely within our portfolio of brands and production capabilities. The acquisition is being structured as a non-dilutive transaction with no shares of stock being issued. We also plan on introducing our Cannaribbean brand in 2022. We are always open to accretive deals that will enhance shareholder value. To that end we are in discussions with several other brands and companies."

https://www.accesswire.com/672632/Alkame-Holdings-Inc-Announces-Corporate-Update

https://www.prnewswire.com/news-releases/alkm---alkame-secures-1-million-operating-credit-line-301405890.html

https://www.prnewswire.com/news-releases/alkm--alkame-holdings-announces-over-1-million-debt-relief-reducing-future-stock-issuances-301370455.html

$ALKM$
To Da Moon