Tag: convertible debentures
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![Bioasis Technologies (BTI.V) and the painful price of private sector science]()
Bioasis Technologies (BTI.V) and the painful price of private sector science
Science isn’t cheap. Overhead for scientific based companies is usually sky high for a reason. It’s not just keeping the lights on, or making sure everyone from the CEO to the janitorial staff get paid on time, although that’s part of it. It’s revolving costs in equipment, other forms of capital—like human capital—the average science…
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![Vitalhub (VHI.V) gets paid and pays off their debentures early like adults]()
Vitalhub (VHI.V) gets paid and pays off their debentures early like adults
Now that the bubble’s all but blown on cannabis courtesy of scandals and Canopy Growth (WEED.T), private funding is drying up and debt financing is where it’s at to raise funds. Most blockchain companies are still thawing out from the crypto-winter, and then there’s Vitalhub (VHI.V), which paid $2,396,520, the sum of its debentures and…
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![Zenabis (ZENA.T) to pay through the nose for $50M loan and we’re just getting started]()
Zenabis (ZENA.T) to pay through the nose for $50M loan and we’re just getting started
Zenabis (ZENA.T) has taken on an additional $25M loan in secured debt financing, bringing their senior secured debt load to $50M. This new loan bears interest at a rate of 14% per annum, amounting to $7M annually, and will have a maturity date of June 30, 2020 according to the Zenabis press release. Additionally, Zenabis…
