Newstrike Brands Ltd NWKRF

Why? Large cash position and now consolidation

[9910LC]

I understand why small players want to consolidate:

- easier to raise cash when issuing fewer shares at higher prices.
- a higher share price could lend a hand for listing on other exchanges with higher share price requirements. 
- helpful when acquiring other companies by paying for the business with shares.

But what is frustrating is that they have a generous cash pool and a great business - I am having a hard time understanding why they would consider a consolidation. Yes, my answer could be one or more above, but this is frustrating. 

Still a cannabis sector believer,
me