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Bullboard - Stock Discussion Forum CannaRoyalty Corp C.CRZ

Origin House is a growing cannabis product and brands company operating across key markets in the U.S. and Canada. The company delivers over 130 branded cannabis products to the licensed dispensaries. It provides distribution, manufacturing, cultivation and marketing services for its brand partners. The company operates through two operating segments, The Corporate segment derives income from... see more

CSE:CRZ - Post Discussion

CannaRoyalty Corp > Tied to the hip or not
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Post by ERTguy on Apr 01, 2019 11:28am

Tied to the hip or not

OH should not be down 4% today when the offer was made on a fully diluted basis at basically a dollar above the current share price.  This weakness really makes zero sense to me when a price tag is already put on the stock price.   Normally it's the acquiring company that's in the red on an acquisition.  This just baffles me
Comment by xXxFoBxXx on Apr 01, 2019 12:37pm
This post has been removed in accordance with Community Policy
Comment by albetting on Apr 01, 2019 12:43pm
I am no trading expert by any means but am a expert cynicist. My fear is that i know nothing about CL (which is my fault), also CL SP has been spiking since its listing. Could this be anticipation of the deal? Was the SP manipulated for the deal to go through?  What happend to Marc's little PR claiming "we are not selling, no one will take us over". I am holding OH and have ...more  
Comment by Chutzpah on Apr 01, 2019 12:50pm
CL is best in class and my largest MSO holding. So happy they did this move after I tripled my position on their FL adquisition. Will be looking to add buying discounted OH shares now
Comment by Benedictus on Apr 01, 2019 2:10pm
albetting, I think your fear may be correct wrt sp manipulation of cl leading up to this announcemnt and be the reason for the selloff. cl chart looks overbought and could easily pull back toward 10.50 - 12.50, And I agree...yet another instance of Marc not staying true to his word, which I am not happy about. His 100M run rate 2018 exit prediction last year proved quite premature and now his ...more  
Comment by numbersguycdn on Apr 01, 2019 3:33pm
Take a look at Marc Lustig ownership of Randburg International Gold and listing of CL on exchange.
Comment by retiredcf on Apr 01, 2019 3:43pm
The big boys normally come out to play in the last half hour of trading. And they look to be coming back into CL (now $15.24) with volume approaching 1 million. GLTA
Comment by retiredcf on Apr 01, 2019 12:46pm
There's now a post on the CL BB indicating that it makes more sense to buy OH at this point rather than CL because of the current discount. Perhaps common sense will return after lunch. GLTA
Comment by numbersguycdn on Apr 01, 2019 12:57pm
I am one who has sold out the minor remaining position I had today in OH.  I know nothing of CL and they may be an excellent company but I have to do a lot of due diligence before I would consider holding long term.  They are newly listed and have a number of recent acquisitions to sift through to try to value.  Trying to make sense of share price is hard when deal is straight up ...more  
Comment by Chutzpah on Apr 01, 2019 1:02pm
you are so outta lunch is not even funny