RE:RE:BIG MONEY IS DONE AT TILRAY. COMING CANOPY WAYThose 100 million shares were paid at premium of 50% to where the stock price was at the time.
Those 100 million shares that were issued are not going on the open market to be traded. They got 5 billion doillars at a 50% premium and not 1 share is being added to the "tradeable float". They also have a partner who brings alot of value into where their business is headed.
Tilray is raisng $ via a private placement. They are going to be issuing shares which in turned are going to be all dumped on the open market. That is the defintion of dilution. Tilray is a real bind here. I believe Brenden(CEO) which the stock price was not where it is right now. Their market cap will turn away any reputable partner in taking an equity stake in their company. Their valued more then Canopy. That is ridiculous. And he knows it. Raising this $ is the evidence that their are no conversations going on with any serious parnerships.
Canopy's cash injection from Constellation is the best deal this industry will ever see up until when their final takeover occurs.
longonMJ wrote: Mick;
Can you please explain to me why the equivalent of 4 or 5 million additional shares is considered to be over dilution, while the issuance of well over 100 million additional new shares by Canopy is considered to be quality?
Hopefully, you can explain that to me in a rational way that makes sense since I am a Canopy shareholder and do not own any Tilray shares at all.
OriginalMick wrote: That’s what I’m talking about. No body will invest in that over diluted Tilray going forward. They will want quality. We are quality. Guys our quality is what makes us quality. Mick