RE:RE:A signAdd 50 million shares easy I would say to the current 155 million. The price has already reflected the dilution though.
Say use 200 million shares at the current high lately of 4 cents CAD = market cap of 8 million. 2020 revenue for PKG was 6.3 million and for the acquired company it was something like 5.7 milloin CAD in 2020 for a total of 12 million.
So did 12 million in 2020 and hopefully 13-14 milloin for 2021 and the marketcap is 8 million with the increased share count so it's baked in already and cheap. Not often you find any company trading at 60% of current revenues especially one that is growing, acquiring, increasing margins, diversifying revenue streams, yada yada.