RE:Take-over risk is large now In my opinion, there's no f... chance of a take over. Stop spewing garbage. canopy just divested out of facilities and your suggesting them buying another one? Licenses aren't worth anything anymore and even revenue doesn't matter when it's all at a loss. Hence, canopy divesting on more growing, aka. Not profitable in Canada.
Looks like this is getting set up for a rollback, but I highly doubt even with a rollback would that matter as I don't believe anyone would still finance after the fact. All those debenture converts are going to be fired out as soon as they touch the holders hands. Gonna get ugly here, stay to 0 if you wish, what a sad waste of capital.
johnale wrote:
With the debt a non concern at this point - and MMCap owning a pretty large portion of the equity - supreme becomes pretty high risk for a takeover as the sector is prime for consolidation.
Unfortunately they hold a pretty large stake - and could accept .45 cents from an aphria or cronos or canopy.
supreme would be pretty attractive at this point with emerging brands in the market and no cash burn with completed infrastructure.
easily add 40++ mil in annual revenue to an LP - get more market share - and really dominate rec market as retail expands.
Mmcap gets their money back quick......
not what I want - but it's a real risk right now.