Creditor protection for Agmedica

Freedom seed · Jan 25, 2020

$5M debt forces AgMedica to acquire creditor protection

In the face of a dire financial crisis, a medical marijuana production company in Chatham has acquired federal credit assistance to keep its business up and running.

blackburnnews.com

Creditor protection is sure to mean that somebody is getting screwed. Likely all the contractors and suppliers.

cannadan · Jan 25, 2020

another one bites the dust......
“We are committed to achieving a positive outcome.” ...you and a 100 others....good luck...lol

The Hippy · Jan 25, 2020

Who's next.......hahahahahahahahahahahaha

AquaTerra · Jan 25, 2020

I wont go into details but you'd be suprise how many hydro wholesalers got jacked by wanna be LP's that owe 100's of thousands each and have no money to pay anything back and are hiding behind LTD companies and sub companies etc...

AquaTerra · Jan 25, 2020

cannadan said:
another one bites the dust......
“We are committed to achieving a positive outcome.” ...you and a 100 others....good luck...lol

I think there were 400-600+ applicants for LP still about a year ago lol. Wouldn't you realize that after 100 LP already in you have 0 chance of making it?

The Hippy · Jan 25, 2020

AquaTerra said:
I wont go into details but you'd be suprise how many hydro wholesalers got jacked by wanna be LP's that owe 100's of thousands each and have no money to pay anything back and are hiding behind LTD companies and sub companies etc...

Doesn't surprise me. I bet those companies couldn't front the goods fast enough either. They were all starry eyed over killing the BM and stepping in to the vault. Wasn't only the LP's themselves. So many industries and weasels were lined up to cash in. NOT ! DOH ! hahahahahahaha

AquaTerra · Jan 25, 2020

The Hippy said:
Doesn't surprise me. I bet those companies couldn't front the goods fast enough either. They were all starry eyed over killing the BM and stepping in to the vault. Wasn't only the LP's themselves. So many industries and weasels were lined up to cash in. NOT ! DOH ! hahahahahahaha

Plus American companies like Hawthorne/Sunlight and Hydrofarm coming and messing with the wholesale market for hydro equipment.

The Hippy · Jan 25, 2020

AquaTerra said:
Plus American companies like Hawthorne/Sunlight and Hydrofarm coming and messing with the wholesale market for hydro equipment.

Ya the boat has been rocked in SO MANY area's. Prices way down...bullshit way up. Nuts!

spek9 · Jan 25, 2020

AquaTerra said:
I think there were 400-600+ applicants for LP still about a year ago lol. Wouldn't you realize that after 100 LP already in you have 0 chance of making it?

That's irrelevant when you have your mind set on acquiring capital from others. I'll bet many of them didn't even have a plan at all, they just had their eyes set on a golden parachute.

gb123 · Jan 25, 2020

AquaTerra said:
I wont go into details but you'd be suprise how many hydro wholesalers got jacked by wanna be LP's that owe 100's of thousands each and have no money to pay anything back and are hiding behind LTD companies and sub companies etc...

kinda serves them right for relying on shit business :idea:

cannadan · Jan 25, 2020

AquaTerra said:
I wont go into details but you'd be suprise how many hydro wholesalers got jacked by wanna be LP's that owe 100's of thousands each and have no money to pay anything back and are hiding behind LTD companies and sub companies etc...

not you i hope????but no real surprise
its the unfortunate part of that business....other legit businesses on the hook for their fast growth

AquaTerra · Jan 25, 2020

cannadan said:
not you i hope????but no real surprise
its the unfortunate part of that business....other legit businesses on the hook for their fast growth

No I got ripped of by normal growers that I've known for 10-15+ years that had accounts with me, its for a big chunk over several smaller account lol. I could collect but that would cause more issues with some of those pussies. If my store ever goes under I'll transfer over the accounts to some people that can go a collect it all for themselves. ATM its not worth bringing in any more issues to the store.

LOL

westcoast420 · Jan 25, 2020

First of many! If they were successful selling just medical they should have just stayed with that but nope they got greedy like all these lp fucks

Freedom seed · Jan 26, 2020

westcoast420 said:
First of many! If they were successful selling just medical they should have just stayed with that but nope they got greedy like all these lp fucks

From what I read the medical was just a vehicle to get into rec.

gb123 · Jan 26, 2020

Freedom seed said:
From what I read the medical was just a vehicle to get into rec.

Yes yes and YES and a WELL KNOWN FACT! :idea:

realmeduser · Jan 26, 2020

I will leave this here since they cropped our avatars. Our buddy amaheit musta lost his/her shirt by now.

Creditor protection for Agmedica

Freedom seed

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$5M debt forces AgMedica to acquire creditor protection

cannadan

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The Hippy

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AquaTerra

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AquaTerra

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The Hippy

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AquaTerra

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The Hippy

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spek9

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gb123

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cannadan

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AquaTerra

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westcoast420

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Freedom seed

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gb123

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realmeduser

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