Adastra Holdings Ltd C.XTRX

Phyto Extractions expects to close acquisition Sept. 15

[biggdeal]

Fingers crossed. Tomorrow is a HUGE day for us. Company has announced September 15 is the day of signing the Phyto agreement. This should move the stock atleast 50% higher. Let's get this deal done boys.

[Chart1]

Adastra announced in a PUBLIC NEWS RELEASE we would have our Phyto acquisition completed no later than today!! Well? Where is it? These revenue numbers are lackluster at best. Phyto sales are where the money is at. If these financial statements move the market like they are doing today, just think what that Phyto deal would do..... Come on Adastra this is getting ridiculous. Get the deal done. I

[lscfa]

So share count is about to go from 45 million to 122 million.....   On August 24, 2021, the Company announced that the Phyto ExtractionsTM brands acquisition, previously announced on March 16, 2021, would be revised to a 100% interest on closing date and that the parties were working to finalize definitive terms and anticipate to sign a definitive share purchase agreement on or before

[lscfa]

20 million shares issued.    Phyto revenues only $1.82 million for last 12 months. Bought for $19 million

[Leo5409]

Ive heard that the total brand sales are north of $15 million dollars and the first few months were slow 

[biggdeal]

Aaarrrgghhh. Sure would like to know the real sales numbers. 19m acquisition better have some substantial numbers to back up that sale. Does anyone know next financial release?

[RUKIDDINGME911]

In my opinion, if you look at past NR's, you can see phyto made a deal with namaste which looks like it was for 1 year and generated 1.82 mil in royalty payments. Clearly didn't look like a profitable deal for anyone as it didn't continue onto another extended year or merger. Maybe this current deal was a deal for both sides as they both ran out of options, phyto gets stale unliquid

[jcannabis92]

I guess it happened! They just released this the below press release. 20.8 million shares on the deal- so looks like Adastra got a really good deal after all. They bought Phyto at a HUGE discount. Its going to be interesting/exciting to see what Adastra does next. Stock seems like its doing way better. https://stockhouse.com/news/press-releases/2021/09/16/adastra-enters-into-share-purchase

[RUKIDDINGME911]

Discount? Are you kidding me? Phyto the same brand everyone hated in the 90s? Like who cares now days, tweed has a brand, supreme has a brand, why does phyto brand mean anything to anyone anymore? Discount? LMAO