48North Cannabis Corp. V.NRTH

RE:Details?

[xelanitram]

I seem to have partly answered my own question: per this press release Green & Good, despite being private, had substantial equity financing (i.e., seems to entail less probability of bank debt, also since bank debt isn't as readily available in cannabis sector). So, given that G &G had at least $10M in cash - now presumably, in-part applied to other assets (facilities, land, etc). - the $18M acquisition seem quite reasonable given that they sucessfully obtained a license also, increasing value. Then, discount the effective acquisition cost using the current actual / assumed transaction share price and you get $18M*(0.52/0.73)= $12.8M that they're effectively paying based on today's closing price. I'm good with that. I still wish I knew what price/share the private placement was/will be at. 
https://www.newswire.ca/news-releases/good--green-announces-10-million-equity-financing-684827491.html