RE:RE:RE:RE:to Acquire Land and Sea Packaging and C$42,000,000 FinancingI like to use EBITDA and I thought I was being generous since I do not see that CANS itself was EBITDA pos Q2. They had nearly $3/4MM adj for listing costs to add back in and I cannot even see they got close to positive from their financials even with that.
L&S show 12.2% margin on their LTM revs and even using the pos EBITDA figure for CANS theirs was only 2.2%. There will have to be astounding margin expansion at CANS (say 10%) to get to about 8cents cents per share EBITDA on $52MM revs for the joined companies. To me that wud just make $1.10/$1.20 sp about right until they prove out their revenues and EBITDA margin expansion... JMO