Sol's Value Contribution from Bluma Wellness Acquisition I had a lot of people asking me questions about the recent Bluma transaction, so here is a sumary of my estimate on Sol's Value Contribution from Bluma, based on the recent announced acquisition terms (you can walk through each step to get to the final contribution amounts at the bottom):
Cresco Share Price: $13.09
$ of Cresco Shares/Bluma Share Exchange Ratio: 0.0859
Implied Bluma Share Value: $1.24431
Bluma Shares Outstanding: 159,754,291
(source: Last monthly Progress report as of January 7th)
Value of Bluma Shares at Implied Bluma Share Value: $179,632,677
Value of Sol's 14% Ownership of Bluma's Issued and Outstanding Shares: $25,148,574
Additional Non-Issued/Non-Outstanding Shares:
a. Partnership/agreements: 25,639,204
b. Share purchase warrants: 10,371,000
c. Promissory Note Warrants: 6,450,000
Total Additional Non-Issued/Non-Outstanding Shares; 42,460,204
Total Implied Value of Non-Issued/Non-Outstanding: $47,743,569
Additional Amounts Owed to Sol by Bluma:
Convertible Instrument: $3,572,387
Promissory Note: $5,027,414
Total Additional Amounts Owed to Sol by Bluma: $8,599,801
FINAL SOL's VALUE CONTRIBUTION FROM BLUMA: $81,491,945
Sol Fully Diluted Shares Outstanding:
FINAL SOL'S VALUE CONTRIBUTION FROM BLUMA/SHARE: $1.245/Share
I hope that helps everyone and Happy Investing!