Good Natured Products Inc V.GDNP.H

Alternate Symbol(s): GDNPF

Chemicals Basic Materials

good natured Products Inc. offers an assortment of plant-based products made all, or in part, from the maximum possible amount of rapidly renewable resources. The Company’s segments include Industrial, Packaging, General Merchandise, Commercial Business Supplies, and Services. The Company engineers and distributes a diverse range of bio-based products across various sectors, including grocery, restaurant, electronics, automotive, and pharmaceuticals. Its operations are within the packaging and consumer goods manufacturing industry. It offers over 400 products and services through wholesale, direct to business and retail channels. It also offers direct purchasing through its own e-commerce platform in the United States and Canada and through Amazon and other third-party channels. It offers consumers, business owners and operators’ plant-based alternatives to everyday petroleum-based products that are being used in homes and businesses.

TSXV:GDNP.H - Post by User

Good Natured Products Inc > Bought deal

<< Previous

Bullboard Posts

Next >>

Comment by jermoguyon Feb 09, 2021 4:29pm

311 Views

Post# 32516639

RE:Bought deal

Hi, thanks for sending this. So in layman's terms, a bunch of underwriters bought a block of shares (12.5 mil) for a discount @ $1.20 a share, with the option to buy more later. As a result, GDNP gets a $15 million cash infusion. And then they also paid down debt with BDC, which if memory serves me right, financed them a couple of years ago? I am sure I have some of this wrong.

I guess the good news is, if these underwriters are buying shares at $1.20, we probably won't be seeing 85 cents again anytime soon.

Can someone explain the pros and cons of a bought deal over a private placement?

I like the paying down debt part.

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario