GREY:DLTNF - Post by User
Post by
Canadaforoilon Dec 05, 2020 5:51pm
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Post# 32044742
Bought offering
Bought offeringSo was the bought offering to finance an acquisition in the market? SCU has a current cap of $18.5 million, so they would still be short, but could make up the difference in shares. If they can pull this off and create Second Cup/D9 cannabis rooms, that would be interesting. But will there be money in the businesses and how long will the affects of COVID be around, keeping people isolated? Listing in the U.S. is impossible right now with their financials and why worry about going into a big pond where notobdy knows who you are. The company needs to focus on "creating shareholder value" and trying to get listed in the U.S. won't help at all. D9 is barely noticed in Canada as an investment opportunity. The one thing the Arburhnots did was use the markets to build a small/medium business which will provide them with a good salary/return for life. Like they say, never use your own money to build a business. We all helped build a small business for the Arbuthnots, like parents giving their kids money to open a pizza joint to get them out of the house.