RE:RE:Supreme AcquisitionCanopy is paying a 66% premium for cashflow negative assets. This suggests the raw market value of the Premium assets are vastly overstated regardless of what the final settlement is and keeping in line with Canopy's trend of overpayment and inevitable asset impairment/ writedowns. Supreme is nowhere near cashflow positive on an operating basis, it only looks like that due to derivative gains they're reporting. IMO Supreme is worth 0, amazing deal for them but insulting to WEED longs.
vulcan123456789 wrote:
snowtigger.. learn to read details of acquisition. your not paying 400 plus for supreme. on date of deal weed was worth 37.74 and fire .265.. a number or factor was generated....as a percentage.. as weed price goes down so does supreme. factor remains the same regardless.. .so many fire shares gets 1 weed share. the deal is not worth 400 plus m at this point.. more in neighborhood of 300 plus. im not doing exact math for you. then fire had 3 cash raises approx 65 mil cash.. knock that off your offer as weed gets that your getting the deal for perhaps 250 m area. our assets alone are worth that...as well many things changed over the last yr. we are near cash positive per quarter at this point.. most certainly after covid. the deal that was orchestrated in the favour of canopy.. not supreme shareholders.. imo.. id cheer if i were you. cheers