Bottom lineShare dilution. To buy LDS TCAN would have to dilute again and shares dilution isn't so ggod for ahreholders. Just look at ICC cannabis (
TransCanna will buy all of LDS at a price equal to the greater of $51.6 million payable in TCAN shares, or the amount resulting from a fixed exchange ratio of one TCAN shares for every 10 LDS common shares.
Given the purchase price of $51.6 million, TCAN is paying a 17% premium to market (LDS’s market cap is currently $44 million).
Since it is an all-share deal, if TCAN share price falls, it will have to issue more shares in order to close the acquisition.
SInce June 30th TCAN went down from 4,12 to 2,24$ Since jul 08 (TCAN deal with Goodfellas group at 520 000$) S.P. went from 3,24 to 2,24$
TCAN is for me just another ICC International Cannabis Company (WRLD-U) buying and buying with shares dilution. So at the end the compagny shares are worth nothing.
WRLD was at 0,91 $ on oct 9 2018 now S.P. is at 0,145$