other material
confidence high
sentiment negative
materiality 0.90
BLOOMIOS, INC.: debt financing — Bloomios defaults on Senior Secured Notes, ceases manufacturing at Daytona Beach facility
BLOOMIOS, INC.
- Default on Senior Secured Notes triggers cross defaults on all other obligations; noteholders can liquidate assets.
- Lease default for Daytona Beach manufacturing facility; manufacturing ceased and all employees at facility terminated.
- Company working with Agent for Senior Secured Notes to determine best course of action.
- Cautionary statement warns trading in company securities is highly speculative and bears little relationship to actual value.