Aphria selling down shares at 40 cents (27% discount to listed price), page-74

"The Company confirms it received a credit approved Term Sheet from that lender for a $95 million loan facility to assist in funding the original construction scope and timetable for the Mildura facility. That loan facility assumed a total project cost of $184 million"

This comes from CANN's announcement on the 21st November.

No wonder investors got scared and dump the shares from this company. That is a LOT for a production facility that doesn't even make any money. As per their letter they expect the revenue to come from this capital investment in late 2020...Remember people were commenting that Althea overpaid for Peak? How about x6 that but in pure cash/loan.

Remember Althea buys Peak Processing with financial targets attached to it. (Revenue and EBITDA) Focusing on growing the customers at the same time.I would rather own a company that has a growing customer base each month, than a company that hopes will start to make revenue from 180M project cost in late 2020.

It's just a lot of money, of course the market cap will drop, it has to drop. Extra 90M are taken for something that doesn't currently generates money.