GREY:CVHIF - Post by User
Comment by
choices9999on May 14, 2018 2:32pm
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Post# 28028014
RE:Sale of Addiction Business
RE:Sale of Addiction BusinessLOL! I assume you avoided asking him about the $26 million in A/R's (of which close to $14 mill will be written off as bad debt) and he avoided bringing that up? They can't recoup revenues so their is no way nobody is touching this business (which explains why Heath hasn't purchased more shares)..
2j3kl wrote: Chris said that no decision has yet been made on the sale of the addiction business.
But, he felt confident that he could get at least 2 times sales, as the business comes debt free and with its own enlarged diagnostics and testing lab...
If that were the case, they could get upwards to $90 million for it.
This would place Altus in a favored position to acquire a fully operational licensed MJ business, perhaps as the US partner of Delta 9.