More speculationNice to see the sideways trading getting tighter and tighter, firm hands are in control. Shorts are betting on crop failure but day by day this becomes less likely, hopefully Security is on thier toes, they need a perimeter set up to prevent sabotage, and by all accounts this seems to be in place.
Now for MY speculation, news story out this AM, Aurora closes rotal of 360M financing with BMO. Combine this with 86.5M TGod cash out, and as of last financials cash on hand of 346M reported. I'm sure COH has comedown since Mar 31 2019, but they've also had significant revenue since then. So, in my estimations, ACB has access to probably 700M+ cash. Where could they get instant ROI that adds to thier growth trajectory and fuels expansion into Europe and beyond, they say in thier investor presentation they have footprint in 25 countries. What they need is 200M worth of Organic sun grown weed, the largest grow license in the world, processing facilities, and 50M cash to boot.
I have to admit i was on the fence about a buy out until i read the ACB NR this morning. At 3.00 per share, North would come in at aprox. 213M x $3. = 639M.
I have looked hard at ACBs vision, presentations, NRs, and really the only thing I thing they need to grow is 88 acres of organic sun grown cannabis.
Now all that said, if no buy out, i still think North is on a HEXO trajectory. North is becoming a much loved Canadian Institution, thanks to Allisons efforts, knowledge and skills, and Jeanettes expertise with organic grow and business accumen, been there done that Tgod proof.
Ah, rainy day musings, forgive my hopeful expectations, one way or another, we are going to do very well here. Check out current Nrth investor presentation, I like the first harvest box checked off and next 2nd harvest box to be soon filled as well.
https://48nrth.com/wp-content/uploads/2019/09/48North-Investor-Deck-SEPT-2019.pdf
GLTA