Essentially it’s warrants that are being proposed vs straight dilutive shares being offered. Gives the company the option of exercising warrants for cash as they see fit and gives you the option to trade them. What these units will be offered at and the exercise requirements for these units have yet to be decided from what I’m getting. This is not immediate dilution of shares and one of the best scenarios we could see prospectus wise for retaining shareholder value and responsible management of O/S shares.
It can also be looked at as refinancing of debt. They could use the prospectus to pay off debt at a lower interest rate. For example, they could have expensive loans as associates with all US MJ companies of 12-18%. And by raising this way reduce the interest and get cash on hand.
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