2 Cannabis Companies That Are Looking Desperate
Investors can't just rely on quarterly earnings results to assess how well a company's doing. Often it's what happens in between those reports that can offer a key glimpse into how well the business performing. And for cannabis companies, a major area of concern these days is cash.
The two companies listed below have recently made moves that could suggest they're desperate to conserve cash. Let's take a look at why that may be the case and whether investors should be concerned.
Acreage Holdings (OTC: ACRGF) announced on June 17 that it had obtained short-term funding from an institutional investor for $15 million. The note matures in four months, and it comes at a hefty annual interest rate of 60%.
Source Fool.com
