OTCPK:DJACF - Post by User
Comment by
Extallioneson Jan 30, 2018 2:54pm
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Post# 27464982
RE:RE:RE:RE:DOJA Cannabis & Tokyo Smoke Close Merger and Launch Hiku
RE:RE:RE:RE:DOJA Cannabis & Tokyo Smoke Close Merger and Launch HikuI'm basically in the same boat. I made about the same multiple as you in HIP, but pulled out a little more, and reinvested the rest in DOJA. I'm a little pissed about the number of shares issued to Tokyo Smoke largely because of a statement made on one of DOJA/HiKU's websites that stated an expected market cap following the merger - the statement was as of Decemeber 17th sometime, and I calculated the purchase price of Tokyo Smoke at around 30 million, which would have been about 12.5 million shares at that time. 56 million is a significant increase from there. Highly annoying that they wouldn't have released the terms of this deal prior to it actually taking place.
It's also a little concerning that they don't mention any expansion plans in terms of production capacity on their websites. They seem to be content with the 5,000kgs by the end of 2018. I hope that changes.