RE:Getting bigger for a reason ...!M&A may create a better company if the assets acquired or merged with provide accretive value to the company.
Bigger doesn't necessarily mean better.
The Carmanah Craft acquisition was written off.
Exceler Holdings was written off.
Clearwater Cannagrow Partnership was written off.
Pure Therapy was supposed to have the following - "that the Company forecasts an overall gross revenue for Pure Therapy’s business vertical of C$7.28 million and a net profit of C$.26 million for 2021" and continues losing money.
Mota ventures and the European expansion, gone
Even Naturo acquisition is showing a loss.
We'll have to wait for the financials to eventually come out on the transaction details but it appears there were no price adjustments in this transaction.
Embark shareholders appear to be the shareprice losers by receiving all the transaction shares at the $0.45 (which are now only worth $0.185) for a total of 54.9M shares.
That's is still 4.78M shares being released per month.
Like I say have to wait for the financial statements to further clarify.