Post by
red2000 on Jul 01, 2021 9:24am
Couche-Tard thirsts for acquisitions
Words from CFO, Claude Tessier after the release of year end result of ATD.B !
After better than expected results at the end of fiscal year 2021 and a record net profit of US $ 2.7 billion, Alimentation Couche-Tard will look internationally to grow through an acquisition in the convenience store market and gas stations.
In the United States especially, but also in Asia, after the recent acquisition of Convenience Retail Asia and its 375 Circle K convenience stores in Hong Kong and Macao, indicate the leaders of the Laval giant with a turnover of US $ 45 billion. among its 14,200 stores in 26 countries in North America, Europe and Asia.
M&A projects will continue to be part of our growth story. It's in our DNA, and we're good at it, better than anyone in our industry. "
“We are always very satisfied with our ability to create business value with M&A projects,”
We continue to focus on the US market as our number one growth priority through M&A.
added Claude Tessier, Chief Financial Officer.
Next warrants before : October 1st 2022 - Expiration Sept. 30 2022 !
Series B Warrants Lesser of 1,875$ or 20-day VWAP
56,1 M warrants
With that ATD.B reach approx. >30% Ownership
Next warrants before : June 30, 2023 - Expiration June 30 2023 !
Series C Warrants Lesser of 3,00$ or 20-day VWAP
110,7 M warrants
With that ATD.B reach approx. >50,1% Ownership
If US Cannabis Legalization increase is speed, for me, right now, ATD.B, may buy back FAF before Sept 2022 !
Too sheap at 1,09$ with this huge market around the corner !
Only my O !
Comment by
red2000 on Jul 01, 2021 10:18am
Merci ! Feel free to inbox me in french ! Interesting to listen to this presentations for new buyers and LONG holders ! https://finance.yahoo.com/news/cannabis-industry-investor-presentations-now-130900872.html