RE:RE:RE:ACB just raked in 178 Mill buying TGODNOW! That's what I call a good question! Keep going!
And DO NOT BUY TGOD now, only ACB with it's endless monopoly money can buy this now and why would they pay anything but warrant prices if cash.
Now... if they use monopoy money..... LOL
EquityInvest wrote: Was there an acceleration clause on the warrants? If there is and the conditions are met, there will be share dilution when TGOD calls in the warrants at $3. Will negatively impact the sp, similar to what's going on with THCX right now.
dro2017 wrote: GarlicToast wrote:
Do the math folks Aurora just hit the jackpot buying 17% of TGOD.
33,333,334 Shares at today closing at $6.99 = 233 Mill - 55 Mill = 178 Mill and option to buy more up to 50%
Terms:
Under the terms of the agreement, which the companies anticipate completing in the coming weeks, Aurora will acquire, through a private placement ("the "Placement"), a 17.62% interest on a non-diluted basis. The Placement consists of 33,333,334 units, priced at $1.65 per unit, for gross proceeds of $55 million. Each unit consists of one common share and one half of one common share purchase warrant, exercisable at $3.00 per common share for a period of 36 months following closing of the offering.
May 2, 2018 /CNW/ - Aurora Cannabis Inc. ("Aurora" or the "Company") (TSX: ACB) (OTCQB:ACBFF) (Frankfurt: 21P; WKN:A1C4WM), today announced the Company is participating in the IPO of The Green Organic Dutchman ("TGOD") (TSX: TGOD), purchasing 17.5% of the IPO issue, or 6.3 million units, priced at $3.65 per unit, for a total investment of $23.1 million. You forgot 6.3 mil shares at 3.65