Post by
Skater on Jan 18, 2018 4:39pm
Raising high Dough...
Speaking of blow at high dough...Canopy just did another bought deal at a lowly $200 million with an over alotment amount. Yes, you read that correctly bought deal. They must be closing in on nearly a billion in cash, warchest indeed. I always envisioned them taking a run at Cannimed but perhaps maddog Zettl scared them off. They are certainly giving ACB a run for that number one position and soon will be unchallenged...
Comment by
JohnnCash on Jan 18, 2018 4:46pm
Their quarterly financials as of sept.2017 says they have 108.21MM cash on hand. Where are you getting this billion from?
Comment by
Skater on Jan 18, 2018 5:16pm
$245M Constellation $245M Constellation option available, waaayyy in the money $26M raise~ 2 weeks ago $230M bought deal today $100M cash $854M nearing $1 billion Of course they have been spending but Canopy is very good at raising cash IMO. Skater
Comment by
LettinPoniesRun on Jan 18, 2018 5:22pm
Hopefully Canopy throws some of that Cash @ CMED!
Comment by
Jodiangel17 on Jan 18, 2018 5:43pm
I'd be surprised too see Canopy come near CMED at this point.....but it's funny that a while ago I was saying that CMED AND Canopy should band together and do a reverse takeover of Aurora back when this first started but everyone laughed lol Reverse takeover and split the bootie 50/50
Comment by
goldman777 on Jan 18, 2018 9:53pm
just maybe, no one knows but I can guarantee you that WEED is not sitting back watching market share fall into Auroras lap ... so just maybe a wild card will be shown next week - HIP, as volatile as it is and as far as it has come in short order may be the place to place your bet.
Comment by
goldman777 on Jan 18, 2018 9:45pm
BINGO ! WEED just might have made a new offer for Cannimed to really throw a screw into the works - that could really make the HIP holders the BIG winners here. .... just saying, no one knows, very speculative but expect a big day for both CMED and HIP tomorrow, GLTA