and Valens had $100 M in debt to settle! so SNDL's cost really was $200 M. Valens revs were a little higher (~25%) than D9's today but Valens losses were gargantuan compared to D9's, like between ten to twenty times. Lost over $250 million in the year leading to the buy out.
$100 M for D9 shareholders i.e.. ~ $0.33 /share would save a lot of D9 shareholders from losses. Can't believe our share count is over 300 million now. What a mess!
We just need a real CEO to negotiate a favorable buyout price. With the CEO selling millions of his shares at below $0.02, I would suggest that the current CEO isn't up to the task of getting us 15 X the price the whole world sees him frantically selling at.
JMHO