OTCQX:HRVSF - Post by User
Comment by
olive15on Oct 28, 2019 7:41pm
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Post# 30278859
RE:RE:Steve White, CEO, Interview
RE:RE:Steve White, CEO, Interview
Fair enough. Risk of not closing remains. But the risk is not with the companies being acquired. The remaining risk is with regulatory authorities,, i.e., they need to sign off on the agreements.
As for Verano, according to press releases, purchase price is 850m in an all stock deal. The change in share value isn't relevant to closing the transaction. The transaction has been approved by shareholders of both companies - https://www.businesswire.com/news/home/20190628005108/en/Harvest-Health-Recreation-Shareholders-Verano-Holdings-LLC. Harv will simply issue more shares that add up to 850m. Of course, more shares issued dilutes shareholder base. Still, if HARV continues to execute and grow, diluted shareholder base should not further impact share price, simply because shareholders know of this fact, so it's built into current price.