Replies to post #2482 on Fiore Cannabais Ltd. (FIORF)

[Srmadison]

What do you mean no revenue is given up?

LIHT has to pay back the entire $80 million

And then gets 50% of revenue

EXPENSIVE MONEY!


This is the Chase deal:


“the JV Agreement will be divided between the parties as follows: (a) in the event that at the time of a cash flow distribution Liht has not repaid in full all capital expenditures contributed: (i) 20% to Liht; (ii) 80% to the joint venture partner; (b) in the event that at the time of the cash flow distribution Liht has repaid in full all capital expenditures contributed: (i) 50% to Liht; (ii) 50% to the joint venture partner. These agreements will allow Liht to continue its growth strategy in the Province of British Columbia”

[Srmadison]

And my point in being so critical of the deals LIHT is making and the cost of these deals is because I believe they are making deals that are not in their best interest, BUT unfortunately they have to make because they are not trust worthy based on previous bad dealings.

So looks like LIHT may have to make more of these deals where they give away the farm until they have proven they have turned the company around.

Unfortunate they affects revenue and will STALL stock price for some time