3.4 billion shares fully diluted would mean TCI or LiveWell International has a $476 million market cap at $0.14/share.
What will LivWell international have after the transaction:
1) A property in Lethbridge for a future facility that as of
June 20, 2018 hadn't even broke ground, so a production license is at least 12 months away in an optimistic senario and sales license would add another 6 to 12 months. 2) a plan to apply for cannabis dispencing licenses in Alberta. Calgary and Edmonton have already awarded development permits and LivWell has not been selected for any of the locations so far, based on the information in the public record.
3) a managment team that is based in Colorado and more focused on the LivWell US (GCH) business that managment own then the Canadian Listed company TCI/Livewell International. Total conflict of interest, all the best ideas would be retained in LivWell US for the management to own 100%, TCI will just be a free option for management on the side of their real bread and butter business GCH.
4) TCI will have exclusive rights to sell Willies Reserve in Canada for a licensing fee that is not disclosed. TCI will have no cannabis to sell under the Willie name for 2 years on their current buildout trajectory. And even when they do get a license to sell Canadian government has made it clear that there are to be no celebrity endorsements so good luck marketing the Willie Reserve brand.
5) If LivWell was able to maintain a market cap of $100 million it would be surprising. $100 million market cap would mean a share price of 3 cents per share and TCI is trading at 14 cents a share.
So 78% downside right out of the gate. Plus there is surely going to be a 10/1 rollback to bring the share count down to 340 million. Canopy has 230 million shares outstanding for comparison.
Look at GTEC, has a production license, retail license in Sask, a dealers license and multiple JVs with leading product developers, a portfolio of brands and has a fully diluted market cap of $100 million.
Hard to argue LivWell international should have a bigger market cap than GTEC.
THIS TRANSACTION IS ALL SMOKE AND MIRRORS, DON'T BE FOOLED, THE ENTIRE SECTOR IS ABOUT TO GO UP IN SMOKE JUST LIKE IT DID AFTER THE JANUARY 2018 CANNABIS MANIA.
Happy to help the new investors to this board with their due diligence. Don't get suckered into this pump and dump bY the sleazey bankers behind the target capital shell.