RE:RE:RE:Hexo newsWell, off-hand, I like Zenabis because it brings in new product lines and a starting point for European expanison plus they have some assets that could be sold off (if needed)
I like 48-North for much of the same reasons as Zenabis but I REALLY like the health and beaty products lines which I believe will be strong sellers.
The potential acquistion I was thinking of is not a producer so that may rule out the 3rd acquistion I had expected to hear about, unless they are doing a new producer PLUS the one I have in mind... it's interesting to say the least, never expected to see "producer" mentioned.
One small and undervalued company comes to mind but I would need time to review MC numbers vs. market comparibles to see if it's even possible that they could be worth 300+ million, off-hand it seems high for the one I am thinking of so I could be off-base on my first guess.
It's late, tomorrow's Friday, I may have to wait for the weekend to spend more time looking at potential targets. The target company will likely show insider buying in the last 30 to 60 days so if you want to play sherlock holmes on this that's one clue that may help limit the search (TGOD is one I noticed for that but there are likely a few others)
That is all I can say with what I have at the moment,
Hope that helps (a little)
Q
Humanist wrote: WHICH COMPANY IS WORTH 360 MLNS OR AROUND THAT? I CANNOT THINK OFF HANDS. I JUST HOPE ITS A GOOD COMAPANY WHICH WOULD ADD SOETHING EXTRA THAT THE OTHER ACQUISITIONS DON'T OFFER AND PROFITABLE WOULD BE NICE.
I find the no of acquistions they've done in such a short period is a bit ?
whats your thoughts quinlash
quinlash wrote: Who are they buying next ??
Taken from News Release The Company expects to use substantially all of the net proceeds from the Offering
to fund the acquisition (the “Potential Acquisition”), if it occurs, of a large Canadian licensed producer (the “Target Business”). The Company has not yet entered into a definitive agreement for the Potential Acquisition.
2late4you wrote: https://www.globenewswire.com/news-release/2021/05/28/2237912/0/en/HEXO-Corp-Announces-Public-Offering-of-Senior-Secured-Convertible-Notes.html