Credit still hard to come by for companies in the cannabis/cannabinoid sector
A timely article by Financial Post's Vanmala Subramanian. Credit from traditional institutions is tough in the cannabis space given the lack of revenue history and continued illegality in most jurisdictions. Outside mortgage structures and the lack of credit alternatives underscore the financial difficulties in the sector as it attempts to transition from blue-sky IPO hype to valuations based on EBITDA and good management execution.
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