RE:Good dilution!!! Bad dilution!!!
The way I see it is they are setting the table for partnerships. Eric Paul (largest shareholder) has said on camera he wants to be involved and partnered in every vertical. The Breakthru Beverage deal will become accretive by end of calendar 2019 imo. The deal diluted us by about 2%.
Sept 10, 2018. "An affiliate of Breakthru Beverage Group will be purchasing 902,405 common shares of CannTrust at a purchase price of $10.23 per share for gross proceeds of $9,231,600. In addition, the affiliate of Breakthru Beverage Group will have options to purchase from CannTrust up to an additional 2,000,000 common shares in the aggregate at a price per share equal to a 15% discount of the 5-day volume-weighted average price on the TSX immediately prior to the date the applicable option is exercised, if CannTrust exceeds certain sale thresholds."
They are prudent managers of capital. For those who don't know what they are invested in, (or shorting) CannTrust is partnered with Canada's largest broker of alcohol, and didn't have to give up much of their company to get it. We are ripe for partnering with this prospectus. I'm glad Cronos Group and Tilray will be reporting around the same time because CannTrust numbers are going to blow them away taking into account market caps. Low float and soon to be seen by the masses that they are cheaply valued relative to their peers.