Post by
Oldweed on Apr 24, 2019 3:00pm
Fantastic Opportunity with OH
Cresco has more than 50% insider ownership (stability) and a solid revenue plan. OH has the same (similar) We have a pre negotiated conversion rate at merger. CL and OH mutually want this deal so there is no reason to believe that CL would try to renegotiate the conversion rate. That being said the only risk at this point is if you think CL will crash below the SP of OH at time of offer....who would think that is likely? I can't see a more secure GROWTH opportunity with little downside as we currently have in front of us now, so much so that I sold off all other MJ stock for just this one. Am I crazy?...Maybe but I just can't see a better opportunity out their right now. The gap will likely begin to continually close as we get closer to the merger date in June The higher CL goes the better for both and I am pretty sure both sides expected this to happen and considered this the built in premium for OH from the get go. GLTA
Comment by
Oldweed on Apr 25, 2019 9:31pm
@ pienter. I hear ya...cost me a bit to accept the losses on some others, looks like it's gonna be a crazy summer ahead down south...no time for summer doldrums this year. Things are moving fast in the USA gotta stay nimble IMHO!! It will be very interesting to see the big US money machine dig in...so much bigger than what we saw up n Canada!! GLTA