RE:Zenabis worth more than CanniMed was back in 2018buddyboybruce - (9/22/2020 3:19:50 PM)
Zenabis worth more than CanniMed was back in 2018 Aurora Cannabis Inc. says its $1.1-billion bid to acquire CanniMed Therapeutics Inc. has been successful, back in March 2018.
Old news but the point I want to make is that if Zenabis can some favourable valuation such as Saskatoon-based CanniMed was afforded, even just a fraction of the valuation, Zenabis would be $0.2-billion. After this Offering, ZENA shares outstanding will be 714 million, so that's 28 cents a share for ZENA. This is a conservative analysis.
Hilarious, probably a bad example
Everything was over-valued in 2018 including Cannimed - how is ACB doing with this acquisition and the growing facilities sucha s the 1.2 million sq ft greenhouse in Medicine Hat?
ACB has announced in June/20 the closing of 5 facilities, including the Cannimed facility in Saskatoon.