RE:RE:Looks like Chuck got bent over on the Broken Coast dealGriz_Online wrote: Sonofmshade wrote: If I read it right we went from potentially owning 49% of Broken to owning "for sure" 10% and 49% of joint venture to eventually "hey Aphria agreed to sell us weed". That's quite a step down from the so called binding agreement. Did they wash some people's cars as well?
Bruce Linton somewhere knowingly smiles.
I consider all of these "Deals" hype until they have been finalized, because until they are APH or someone else with deep pockets could come in and cut a better deal.
Why won't they issue a press release about the status of Broken Coast? Do they fear a pullback in the share price? If anything i think it would strengthen their credibility with investors things don't always work out and people would probably be cool with that.
GLTA
You talk about clarity and why there is no news release regarding Broken Coast...
The deal with APH and Broken Coast is not yet finalised. How can CBW issue a news release until this deal is final? There is no material change for us until this time. If you read between the lines of the deal with APH you will see there is 230,000,000 on the table with shares thrown in for 15.09 and 10 million in cash. In the news release it was stated that the 3 fpunders/owners of Broken Coast would receive 80% of the proceeds. Who is getting the other 20% of the 15,000,000 APH shares and 10,000,000 cash? We know APH is going to supply us with 60,000 kg of dried buds over the next 4 years. Will it be free as part of the settlement on the stream? Or are we paying something for it? No one will really know or should know until the initial takeover is finalized.
CBW is not in a position to make any news release regarding this matter until the take over is finished. We are likely going to fair better than most here believe since its in all of nature to be negative instead of positive. Regarding our deals we have with the partners. They are all dependant on cash investments given from CBW hence why we need dilution to make sure we can cement those agreements. We know for certain at this point we are getting at least 1,500,000 APH shares and 60,000 kg supply for nothing invested in Broken Coast. I think that's a huge win, and our money is better spent on the Kraft, Nestle, and Level 10 greenhouse, instead of the smaller partners like Broken Coast.