RE:NEWS!Bobthebuilddr wrote: Taken off Sedar - Canopy Growth Corporation Renews Agreement with XIB Consulting Inc. SMITHS FALLS, ON, Feb. 17, 2017 /CNW/ - Canopy Growth Corporation (TSX: WEED) ("Canopy Growth" or the "Corporation") announced that it has renewed the engagement agreement ("agreement") with XIB Consulting Inc. ("XIB") that the Corporation announced on April 7, 2016 and subsequently renewed October 7, 2016. Under the agreement, XIB wil continue to assist Canopy Growth with corporate development initiatives including, but not limited to, acquisitions, strategic networking and market awareness. Subject to the approval of the TSX Exchange (the "TSX") and pursuant to the agreement, which has a term of six months, Canopy Growth shal satisfy the engagement fee payable to XIB by issuing 14,863 of Common Shares in the capital of the Corporation to XIB, which may be credited against incremental success fees payable under certain circumstances. Per the terms of the renewal agreement, the share issue price was determined using a 5-day Volume Weighted Average Price Calculation based on the 5 days prior to the execution date of the renewal agreement. The Common Shares wil be issued at a price of $10.09 per share. The appointment of XIB as a consultant of the Corporation and the corresponding share issuance remains subject to standard regulatory acceptance of applicable filings with the TSX.
I dont like it when they issue shares and put a price on them... its only payment of 14,000 shares so no big deal really but still it makes it look like the company itself only values its own shares at $10.49, then suddenly there is a selloff if the shares are trading higher... which they are. However I dont think this will happen with WEED stock, there are enough specuators like most on this board including myself that are still buying shares. Should continue next week and Im aiming for $14+ by Friday.