RE:RE:RE:RE:Is there any Gap up tomorrow? US Mkt will open Very poorly timed...they should have let it trade on the NYSE for a few weeks for greater visibility and US investor base before going for more $$. They've not indicated the financing is for anything other than general corp business expenses. An accretive tuck-in acquisition would have been an acceptable reason to raise capital. This is pure dilution. It's unfortunate...
It's not even a bought deal...
Where's Molson with some capital...they're options are at $6.00?? I really wish Hexo had held out for a Constellation brands type partnership where they put up capital. Large tobacco or another bev co willing to invest in the principle co. would have been a superior choice.
Disappointed