GREY:GGBXF - Post by User
Comment by
Greedeon Jul 30, 2019 3:12pm
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Post# 29976188
RE:RE:RE:Green Growth Brands Conducts Raise Right After BuyBack
RE:RE:RE:Green Growth Brands Conducts Raise Right After BuyBackTrue, not everyone takes the time to get into the weeds of things and the reading of smaller details. That is a problem that is far and wide and both political and economic.
However, clearly the market is no fan of how GGB is doing things. Even if you're fine with this, on the surface - the optics were not good. The Aphria bid was a bit of a carnival and a distraction.
GGB stock has been bleeding at a rate that is shaming the whole industry. Not sure what's gonna stop this from breaking below $2 at this point but I can't imagine you're happy with things at present and not all of this can simply be blamed on the sector - i know many cananbis stocks holding up very well in 2019.
Styles76 wrote: It's not really that great of a question Greede. The terms of the financing agreement by GA Opportunities stipulated that the private placement was conditional on acquiring Aphria. GGB buying back would have been a legal requirement they would have been forced to fulfill, despite having to complete another raise shortly after.
It's very unfortunate that no one bothers reading NRs or SEDAR filings here anymore, and would rather read a short seller's BS opinion report as factual.
Greede wrote: Great questions brought up by the Deep Dive. I recommend everyone reach out to GGB investor relations and demand that Horvath clarify these things.
Let's go guys. We deserve answers.