GREY:SNNVF - Post by User
Comment by
adamchesson Jan 25, 2018 1:00pm
113 Views
Post# 27433191
RE:NO share dilution
RE:NO share dilutionI have seen enough to see that Sunniva compares favourably against the Big 3 (Canopy, Aurora and Aphria) and others at a fraction of the market cap! Still early days. GLTA
sunrize wrote: Someone asked earlier this morning if there is going to be share dilution. Well, let me tell you there won't be any as far as construction of the two facilities goes (Canada and California).
Sunniva sold the Calif land to Baker Pacific Group (BPG) and BPG is building it out of their own money. Sunniva signed a 15 year lease back from BPG. So that's that. Smart cookies.
For Canada (Oliver BC), CEO Tony Holler said construction costs will be from debt. He also says they have had several proposals from lenders. Listen to Tony Holler from the 1:50 minute mark below link:
Interview with CEO Tony Holler https://www.cbc.ca/listen/shows/daybreak-south/episode/15494785
These guys are playing it very very smart. Interestingly, the co-founder Leith Pedersen came from Canaccord and is a "money guy". That helps in a bif way as far as "taking care" of finances, market cap/share prices, etc.