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Bullboard - Stock Discussion Forum Inner Spirit Holdings Ltd. INSHF

Inner Spirit Holdings Ltd. has established a growing network of recreational cannabis stores across Canada under its Spiritleaf brand. The Spiritleaf network includes franchised and corporate-owned stores. The company aims to be the most knowledgeable and trusted source of recreational cannabis by offering a premium consumer experience and quality curated cannabis products.

GREY:INSHF - Post Discussion

View:
Post by mugs19 on May 05, 2021 4:09pm

The buy out

" Inner Spirit's shareholders will receive, for each Inner Spirit common share held, (i) $0.30 in cash and (ii) 0.0835 of a Sundial common share (representing $0.09 per Inner Spirit common share based on the 10-day volume-weighted average price ("VWAP") of Sundial common shares on the Nasdaq Capital Market), for total consideration of $0.39 per Inner Spirit common share..."

So the 0.30/sh in cash plus .09/sh converted into Sundial Growers ? I'm okay with that but lets see if any other suiters come along.

mugs
Comment by paulmorel on May 05, 2021 4:31pm
Sorry but that is a horrible deal, no matter what price you bought at!  -SNDL worst co. 2 + B shares and horrible revs -below the $1 Nasdaq requirements meaning a R/S is imminent with a min. 10-1 to 30-1 therefore SNDL shares will be worthless to ish shareholders. -worst time to negotiate a deal when the entire MJ sector is on a 3 month 50% or more drop for most companies Can't ...more  
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