RE:Anyone have initial thoughts on the release?It’s hard to judge too much without seeing 4fronts financials but they seem to have some big plans in the near future for expansion. I’m just speculating but my guess is that some larger cannex shareholders aren’t too happy with the dilution in their voting rights so they’re pushing the stock down but that’s just my guess. This merger would go a long way towards turning cannex into a large scale multi state operator which is what the ultimate goal is.
Overall the cannex board of directors which includes the former owner of NWCS, Gotham green partners, and 4front all seem to give the deal it’s sign of approval so I suppose there isn’t much to do but have faith that this is in our best interests. The only real possibility for downside is if cannex overpays 4front in the merger. Without financials it’s hard to say