BAT's offerwas on par with SH's marketcap for OGI for 20% of the company.
Will the investors think that this is a rich premium because it seems to be to me.
At that rate it's value is 5x today's marketcap.
Gives me hope that ALL investors will be willing to pay great premiums for beat down Canadian LPs that the world has their eyes on.
Keep in mind that the LPs were the greenrush hope and launchpad that opened everybody's eyes to the potential. This is not going away, ever, imho and if the US does the political work, we can experience the biggest greenrush the world will ever see.
Lots of big money sitting on the fence to see which direction the LPs and MSOs are going and I will commit to them not going away.
The market as a whole is on the ropes but like Kramer says, there is a bull market somewhere.