RE:RE:Prospectus Filing and Opertional NewsPosted this on ceo.ca, but cross-posting here. I was happy to see the detail as well, though was surprised by the cost of upgrading the Bevo greenhouses which they're stating as $150M. The initial news release (https://www.zenabis.com/sun-pharm-bevo-agro-merging) stated:
“This transaction represents a positive growth opportunity for Bevo Agro, as Zenabis intends to invest up to $100 million to expand our greenhouse facility to provide state-of-the-art cannabis production capacity, while maintaining our existing propagation and floral business,” said Mr. Benne. “This partnership will bring new jobs and economic opportunities to the communities in which we operate, while we continue to support the local and international food and floral markets.”
I would be curious to understand why the costs have gone up 50% more than anticipated.