RE:GGB to bid 18$/share on APHA
I believe you are right. This offer from GGB could even get into a bidding war with ACB/CRON/WEED and get the prices per share paid over 20$
because of :
Aphria being the lowest cost producers in Canada
Aphria being the 3th largest production capacity in Canada
Aphria being the most undervalued top5 players compared to peers - by a large 50% discount
This is a strong buy in my book
Regards
PhenixKush wrote: CEO of Green Growth Brand in Podcast yesterday at 15h00PM ESTD says he will review to a ''significant premium'' the bid for APHA in the next days.
He says he want a consensual take-over with Aphria managment board. Further more GGB team disclosed they already raized 150 millions cash for the ''cash payment'' of the takeover. (more than 90% will be paid in shares of GGB)
This is very very bullish for AHA, it should leads Aphria to at least 15$/share BEFORE the offers is offically proposed.
The very fact they raized 150 millions shows the level of seriousness by the acquirer