I had to re-read the HVST release to get a better picture but its pretty clear to me now. For the moment the debentures are just debt. Meaning they get access to 20mio with holders having option to convert their debt into shares at 84c. This will probably only happen if SP goes north from here.
The warrants will only come into play if SP moves markedly higher as a bonus return to holders of the debentures.
"Each Warrant entitles the holder thereof to acquire one Common Share for an exercise price equal to $1.09 at any time up to 36 months following the closing of the Offering (subject to adjustment in certain customary events). Provided that if, at any time prior to the expiry date of the Warrants, the closing price of the Common Shares on the TSX Venture Exchange equals or exceeds $1.64 for 10 consecutive trading days,"
HVST to me is a pure grower/recreational play. While u get some additional value in MMJ from their multi prongged approach.
MMJ Price at posting:
53.0¢ Sentiment: Buy Disclosure: Held
