RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Stunned1) Bottom line is a 17M net loss?? Wrong, an accounting loss!! CF was neutral, though that should improve with increasing sales and lower capex.
2) I am referring to the ones that produce consistenly with high THc and terpene levels. Fire is not even remotly close in that category, though admittedly Zena is not the best cultivator themselves. Growers that can successfully operate under glass will win the day (VFF).
3) Your comment doesn't make any sense. They bought the debt for $50M hoping to take over Atholville at that price. Post deal, the facility would have created cash without the debt, but still at a cost of $50M. FYI, Bevo took part of the debt away from Zena with the divesture. In reality the new debt position is probably around $50-70M
The question is, why would SNDL go after this asset and not any other? The industry is a graveyardof assets that are cash strapped.
4) Yes they are in a better place. Do they still have an interest in the land on the Langley property?
5) Hey man, I have no Illusions of grandeur. My thesis is that the company will survive, and be a marginal B player, nothing more. A mkt cap of $200M range ish. Maybe even get taken over, assuming they produce alright stuff.