27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Greenway Greenhouse Cannabis Corporation (CSE:GWAY) has signed an agreement with a tier 1 financial institution to facilitate the sale of a surplus asset located at 620 Essex County Road 37, Leamington, ON. The property is a 10-acre high-tech hydroponic greenhouse owned by the company, currently being rented to Sunrite Greenhouse Ltd.
As the property is used as security for its bank credit facility, the proceeds of the sale will be used to pay the full balance of the bank credit facility and the remaining funds will be used for working capital purposes.
"I am happy to be working with a tier 1 financial institution to receive the full value of the surplus asset," stated Darren Peddle, CFO of Greenway Greenhouse. "We are currently producing cannabis at a different facility, of which, the company has the right to expand its production within the leased facility. The total square footage of the leased facility is 1.8 million ft2. Therefore, the company has determined that the property is not required for future expansions and is considered a surplus asset with significant value."
Jamie D'Alimonte, CEO of Greenway Greenhouse stated, "It is in the best interest of shareholders and the corporation to sell off what we believe to be a surplus asset, this type of proactive asset sale will allow Greenway to focus on our current physical plant expansion which adds 125,000 ft2 of growing space."
Photo by Richard T on Unsplash
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27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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