RE:A post for the nervous non believers
Great post. One note, the revenues for Diageo are 18.11 billion GBP per year (2017). That's That's $31.83B Canadian of revenues per year.
The market cap of Diageo is $90.1B USD = $119.7B CAD
Numbers can be tricky since it's listed on the NYSE as DEO as an ADR but it's really a UK based corportation
Acquiring Aphria is peanuts for Diageo. And all of these alcohol industry players know they have to take out the competition. They can't let these marijuana leaders steal their market share without getting in on the action. Legalization is a game changer for them.
Today's market cap for Aphria is just $2.6B and still under $3B with the recent fund raise to build out the 240,000 KG extraction facilities which is a huge attraction to these adult beverage industry leaders.
Don't be surprised to see a bidding war between Molsons and Diageo.