RE:Why I added more....Just a lot of downward pressure in the mj industry lately. Even good news is quickly sold so I do not think our sp would be in this range without the merger. We would be mid .20’s ish. Deal won’t not go through because share prices are depressed , it’s pretty widespread across the sector. Use Apha/Tilray for example. Sp we’re declining with the market prior to conversion date to Tilray .
Also guidance was given it may be a softer Q for fire, hard to say in current environment if there’d be a run up to earnings.
Hardly a day passes where there’s not news of a merger in the space. It was inevitable at some point fire would merge to increase market share but ~100 m available cash would further hurt current shareholders.
Canopy is turning corners and has solid backing. Seems a good fit for both. I seem to be in the minority as o support this buyout but hey I’m letting my shares convert and adding on weakness.
Jmo