TSX:HEXO.W.A - Post by User
Comment by
VeritasVernon May 11, 2021 4:02pm
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Post# 33175685
RE:SSL Rumored Announcement?
RE:SSL Rumored Announcement?You gotta admit the ol Dog does have a good sence of humor based in reality.
mydogchach wrote: Will SSL announce the Binding Letter of Offer Hexo has presented to ACB regarding the purchase of the shuttered Sun facility in Medicine Hat?
It coudl happen, I mean who can say after the Newstrike and Zena deals.
ACB's asking price was $200 million - Hexo offered $ 100 million and 100% ownership of Zenabis, which ACB declined naturally.
Hexo then raised the offer to $250 million, financed by the announced ATM of $150 million - and the sale of Zenabis facilities. Hexo will still assume the Zena debt of $100 million - which will written off
SSL commented - "yeah geez, I was flying over Medicine Hat to Calgary for a merger meeting with Sundial, and that sure looked like a nice big Canadian greenhouse" - I said 'why not, we don't need the production sq footage, but we could rent it out for heated storage space for now and have boat and RV shows - I have a $1.5 billion prospectus, and shareholders don't seem to mind"