RE:RE:RE:RE:For those good at mathLooks like final #s to be determined vulc, they will be sending out info to explain the deal...so will have to wait to know what we are voting on and a 'No' vote is still very much in play....and then what,
It is clear management wants or needs to sell and I have no problem with that as long as the SH's best interest is maintained throughout but either way a 'No' vote does not ensure that we will have anything like where we were before the announcement again...will wait for the info circular, but this will need to be much clearer for SHs to determine their vote. JMHO...Opt
Craig's reply; The transaction is a share exchange, which based on the Supreme share price on April 7, would represent a value of $0.44 per share (a 66% premium). Canopy Growth shares closed at $37.74 on April 7. The agreement with Canopy Growth is an exchange of shares of one Supreme Cannabis share for 0.01165872 of a Canopy Growth share, so the deemed value of a Supreme share would vary based on the value of a Canopy share at the time of the transaction. For example, if the Canopy price was $40, the ratio would imply a deemed Supreme share price of $0.47, or $0.41 if the Canopy price was $35.00. The $0.0001 cash amount has been added to potentially avoid the transaction being considered a deemed disposition and triggering a capital gain. We will be publishing an information circular which will explain the transaction agreement in dtail. OptGreen wrote: I thought I had looked at some other info somewhere that provided better clarity but can't find it now...the section below is from the Supreme NR. It seems clear and that is the info that should be included in the doc but we need to be sure so I have sent Craig a mail for clarification, will let you know what I recieve back.
Can't imagine they would be announcing deals without clear discriiption of material details like this, so we will get the word from Craig and everyone can plan accordingly...I mean, whether FIRE is a buying opportunity here and better the lower the SP goes, pre finalized deal, or should i have sold at the high since the news broke, is material info at this point.
Not to mention we need to know how we want to vote our shares when the time comes and if this is really not a deal but an idea discussed at some point we need clear accurate info now and from here on. Will let you know when I get the info. JMHO...Opt
Under the terms of the Arrangement Agreement, Supreme Cannabis shareholders will receive 0.01165872 of a Canopy common share (the “Exchange Ratio”) and $0.0001 in cash in exchange for each Supreme Cannabis Share held. The Transaction provides Supreme Cannabis shareholders with a premium per Supreme Cannabis Share of approximately 66% based on the closing prices of the Supreme Cannabis Shares and Canopy common shares on the Toronto Stock Exchange (the “TSX”) as of April 7, 2021. vulcan123456789 wrote:
i understood that was a snap shot in time with canopy at 37.74 we would be at .44... with canopy price down we would be down as well.. maybe ir can clear it up