Sienna Senior Living Inc T.SIA

Alternate Symbol(s): LWSCF

Healthcare

Sienna Senior Living Inc. is a Canada-based senior living provider. The Company offers a full range of senior living options, including independent living (IL), assisted living (AL) and memory care (MC) under its Aspira retirement brand, long-term care (LTC), and specialized programs and services. The Company owns and operates senior living residences in the Provinces of British Columbia, Saskatchewan and Ontario. The Company owns and operates a total of approximately 82 senior living residences: 40 retirement residences (RRs) (including the Company's 50% joint venture interest in 12 residences in Ontario and Saskatchewan); 34 LTC communities; and eight senior living residences providing both private-pay IL/AL and funded LTC (including the Company's joint ownership in two residences in British Columbia). The Company also provides management services to an additional 12 senior living residences in the Provinces of British Columbia, Ontario and Alberta.

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Sienna Senior Living Inc > Share issue

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Comment by AmorFatiforlifeon Aug 13, 2024 1:27am

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Post# 36175861

RE:RE:RE:RE:RE:RE:RE:RE:Share issue

Their float is only like 72M shares. $15 is a premium for $125M with no warrants attached to it. Solid way to raise money with fairly minimal dilution. Why take on debt at high interest rates at this stage in the game? If they did the PP at like $12, I could maybe understand your argument, but otherwise I personally see the raise as the cost of potential expansion.

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