Post by
inkedtj on Jun 21, 2018 2:52pm
Question for shareholders
New here, is the aquisition of WeedMD going to be a for sure thing? Also when is the closing date? Just starting to research, seems as if Hiku is undervalued compared to my current investment of Choom. You have a cultivation and sales license, also acquiring WeedMD who just signed a supply agreement with Shoppers? Seems as if the market needs to wake up and recognize this when looking at peers. Anyone feel free to correct any info I have wrong as I just starting looking into Hiku today, looks like this company has massive potential that is being overlooked. GLTA
Comment by
SmallBet on Jun 21, 2018 3:16pm
1. it's not an acquisition, it's a merge. wmd is larger and has more assets than HIKU. but the fit is good. wmd only needed retail & branding. HIKU needed product, distribution & medical. so a good fit. yes, both are undervalued, but on the way, finally it seems (knock on wood lol)
Comment by
inkedtj on Jun 21, 2018 3:23pm
Thanks Smallbet, much appreciated for the info. Seems like they have all angles covered then as a vertically integrated company for medical and recreational, along with retail stores.
Comment by
inkedtj on Jun 21, 2018 3:25pm
One last question. Will the new ticker be under WeedMD or Hiku? And will it be listed on the TSX instead of CSE?
Comment by
SmallBet on Jun 21, 2018 3:28pm
it'll all be under HIKU to my understanding. good question on the ladder
Comment by
GoodGreenDay on Jun 21, 2018 4:20pm
Agreed. It will be under the name HIKU. I suspect TSX uplisting. I remember an interview a while back with Alan Gertner confirming.
Comment by
Bones2012 on Jun 21, 2018 5:08pm
It's going to be listed on the Venture exchange.
Comment by
inkedtj on Jun 21, 2018 5:33pm
Thanks for the info guys, I appreciate it. Seems like a great company with massive potential.
Comment by
Extalliones on Jun 21, 2018 5:41pm
“Upon closing of the transaction, it is anticipated that the common shares of the pro forma resulting entity will be listed on the TSX Venture Exchange.” See the April 19 news release.