$100 Million Investment for AMC and Walgreens Looking to Start COVID Vaccinations Before Christmas
Mudrick Capital management has given theatre franchise AMC some breathing room after investing $100 million into the company. AMC is not close to being out of the water yet as it’s being said the company will need an additional $750 million to make it through 2021.
If AMC is unable to lock in the funds it needs to survive then the company will most likely move forward with declaring bankruptcy. The future looks bleak for a business that was already struggling to get foot traffic pre-pandemic.
Nursing home residents and staff might be the first ones to get coronavirus vaccinations this year as Walgreens has reported that it expects to receive its first doses of the vaccinations on December 21st and could start giving them out before Christmas.
According to senior Vice President of pharmacy and healthcare Rick Gates, he’s hoping these plans can give some comfort and confidence in the vaccine as many are still questioning its legitimacy.
We’re ready and certainly excited to get vaccines to start to help America pivot past this challenging time,” Gates said.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.