Canopy Growth Corp T.WEED

RE:RE:RE:RE:RE:Just an FYI Aphria buying Nuuvera for 20.8% dilution

[Tweedlede]

Sour Grapes? Why? Because management has suddenly changed their companies growth thesis and start buying out companies at highs? Because they managed to alienate institutional investment by investing in US assets? Because they use their shareholder money to flip shares (unsuccessfully) on the open market? I think not.

megcoglog wrote: Talk about Sour Grapes... I am long on both APH and WEED but I have to admit, Aphria is making all the right moves... --

Tweedlede wrote: I recall not to long ago Vic going on about being a "builder" and not a "buyer". Now he watched his company's pole position shift into 3rd place while ACB went hyper buyer. So he's changing his entire companies thesis on a dime. Chasing the valuation. This does not inspire confidence in their foresight. I don't know about you guys, but this just plays into why Canopy's management is the best. They haven't 'changed direction'. They always had the correct scenario played out. They bought Mettrum before the market made it too expensive. And to no surprise, that's exactly what happened. ACB paid half for Broken Coast, what we paid for Mettrum. Sure the Broken Coast "brand" is good. But we only needed Mettrums footprint. We already have the rec brand covered aka Tweed. Canopy as always is play THEIR game. They don't follow. They lead.

Wavesurfer wrote: Agree, bragging about low cost producer, building and not buying, greenhouse only, etc. I think Vic realized he better get off the pot...

TimMcCracken wrote:

investor1964 wrote: and a 30% premium. Issuing 34 million shares plus $1 per share of Nuuvera. Much more dilution than Bruce has done that I can see, although it does seem to give Aphria a lot more international exposure and kg per year will be about 340k when all their expansions are done.

It’s interesting to see them playing the acquisition game now as they were pro organic growth. 

APH has seen a lot of dilution in the past 104 days. 

BD @ $7.25 - new shares issued = 12,689,675
BD @ $13.75 - new shares issued = 8,363,651
Broken Coast - new shares issued = 14,579,191
Options/ deferred shares to management = 530,000
Nuuvera purchase - new shares issued = 34,000,000

total new shares since October 17th, 2017 = 70,162,517

total dilution on a non-diluted basis = 50.12% +/-
total dilution on a diluted share basis = 46.16% +/- 

Never a dull moment in this industry ... very entertaining on a daily basis.