BLACKROCK Municipal Income TRUST V.BFK.P

Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to provide current income exempt from federal income taxes. The Fund invests at least 80% of its Managed Assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund’s investment policies provide that the Fund invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes (except that the interest may be includable in taxable income for purposes of the federal alternative minimum tax). Its investment adviser is BlackRock Advisors, LLC.

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BLACKROCK Municipal Income TRUST > As little jimmy's girlfriend moomoocow would say...

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Comment by Rotalucepson Nov 16, 2021 5:26pm

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Post# 34133919

RE:As little jimmy's girlfriend moomoocow would say...

Keeler wrote: if it's not one thing, it's the udder.
Hexo loses more and more market share in queerbec - where they used to milk every penny they could from the government teet.
Now it's Village Farms trying to horn in on Hexo's turf and corral some sales, put their own brand on quebec so to speak.

Fellow Canadian operator Village Farms International Inc. (VFF) had a more pleasant start to the week, adding 25 cents to $11.36 on 1.18 million shares. It announced this morning that it has acquired a 70-per-cent interest in the Quebec-based Rose LifeScience. Rose is a private grower with a 55,000-square-foot growing facility in Huntingdon, Que. It is also a self-proclaimed "commercialization expert," which means that it has distribution agreements in Quebec with various other Canadian operators, including Tilray Inc. (TLRY: $16.28), Entourage Health Corp. (ENTG: $0.125) and Sundial Growers Inc. (U.SNDL: $0.83). Village Farms did not disclose Rose's earnings or revenue. It did inform investors that in order to acquire the 70-per-cent in Rose, it forked over $19.9-million cash, $26.8-million in shares and an unspecified amount to repay "any existing Rose material debt."

The deal represents Village Farms' entry into Quebec, Canada's second-largest province by population. By cannabis sales, Quebec is currently in fourth place just behind British Columbia, a province with about half the population but a far friendlier attitude to cannabis. Quebec is home to some of the tightest cannabis regulations in all of Canada. Despite myriad challenges (from a ban on vapes and recreational edibles to the highest age requirement and slowest store rollout of any major province), Quebec's sheer population size continues to attract operators to the province. Companies that have trumpeted their entry into Quebec over the last several months include The Flowr Corp. (FLOW: $0.09), Heritage Cannabis Holdings Corp. (CANN: $0.09), The Valens Company Inc. (VLNS: $2.02) and now Village Farms.

VFF only got $2,000,000 more than the previous quarter. I will wait for the next quarter result.
Another company with the revenue stalling. No wonder they make acquisitions.