RE:Bridge Financinggood explanation Justin. Obviously then by definition Sunniva has an existing agreement to sell some of or all of the Canadian assets.As well, I am now in favour of this version of unlocking share holder value as the spinout and subsequent uplisting of Canadian assets would likely have generated little if any near term value with the Canadian markets in a state of decline with minimal near term opportunities to reach profitability.
With the proceeds of disposition, an acceleration of brand distribution and dispensary buildout/acquisition in California will be a bullish move to capture increasing market share and revenue streams in California. The entire profile of Sunniva is changing rapidly here it would seem, going all in, in the market with the greatest lucrative potential looks to be the most prudent pivot for Sunniva.
Also on a more forward looking speculative perspective, having dissolved the Canadian assets into capital to grow the US subsidiaries will make Sunniva a much more desirable takeover target for large US conglomerates or MSO's. GLTA, it is a good bet that this will be viewed positively in the markets if it culminates with advancing business objectives with the April 29th operational update. Until then hold tight, one thing is certain, Sunniva is making it's move now and will be showing it's teeth as the new Catherdral facility is near ready to show itself and in a big way.