Canadian cannabis firm The Green Organic Dutchman Holdings Ltd.
stated Wednesday it is reviewing its financing choices for the funds required to total building at facilities in Ancaster, Ontario and Valleyfield, Quebec. The firm has currently disclosed that it was engaged in talks for industrial bank facilities and gear leasing. “However, due to altering market place circumstances, these sources of financing have been unavailable on acceptable terms inside the timeframes expected, major the firm to commence a assessment of added options,” the firm stated in a statement. It present has zero debt and $56.7 million in money offered in Canada, which includes $40.two million in restricted money allocated to capital expenditures, stated the statement. Shares have been not but active premarket, but have fallen 27% in 2019, when ETFMG Option Harvest ETF
has fallen 20% and the S&P 500
has gained 15%.