RE:RE:RE:Y’all be pooping bloood in the AM. GREED 🤢He absolutely did, which begs the question, why is the additional money needed now? In my view it must be to finance the canadian strategy/implementation plan now that 218 has been approved (formality with RA), which wouldn't have been needed if that legislation died. Also, Scott and Darius have repeatedly said they're looking to make an acquisition in the coming months, which I suspect is a B2C that leverages their malta / euro license, or perhaps tech to support their US B2B rollout. You've gotta pay up for a good products, especially B2C that generates revenue and doesn't represent a net loss Q over Q; perhaps they found something but need additional cash for such an acquisition.
Agree with CP on his last post about no need to sell either at the PP SP. I'm def not and will add if it drops below 90. Balance sheet and the price to book is soooooooo much better after this financing and the recalibration/sanity check of the SP. Yeah there's some dillution, but the balance sheet and valuation is actually much much better with this transaction than where it was prior to.