Inner Spirit Holdings Ltd. INSHF

New

[HugeHolliday]

https://globenewswire.com/news-release/2018/10/24/1626137/0/en/SugarBud-Announces-Completion-of-Change-of-Business-and-Trading-of-Its-Common-Shares-Under-the-Ticker-SUGR-Commencing-October-26-2018.html

[Habs1993]

Does that mean we are stuck at $0.30 for 2 years?Not sure i understand this.I just got out of GLH. A stock that is stock below $0.30,because of deals like this one.

[CannacordCDN]

Yeah , deals like that turn me off.  Could be stuck at this level for a while.  Was interested in possible getting in but that deal tells me everything I need to know about this company !  

[Habs1993]

Maybe I m wrong. But the way I see this is,you just give RRL an incredible gift or you don't expect a big growth for the comp. I certainly hope I am wrong.

[greendayyyy]

Compare apples with apples. GLH has 580 million shares with debentures which approaches them at 700 millons. There is nothing more to say.  

[Habs1993]

I know. But my question is,are we stock at $0.30 for 2 year?

[IndieInvester]

We are not stuck at $0.30. The deal is for SugarBud only, no one else has a buy right at 0.30 a share. So everyone else in the world has to buy at the market price. The only way this would effect the trading price is if SugarBud chose to sell their stock. They have $10 million in cash and a $17 million loan promise. So they don’t need to liquidate their “strategic investment” in Spirit leaf

[Toweringmars]

No we aren't stuck here for 2 years. Its a strange deal, but it does secure us 10% of the product we need, and as we all see from week 1 of the rollout that shortages are a real issue. Its a strategic cross investment, so (what isn't mentioned in their release) is Sugarbud (or RRL at the time) gave us 1.25 million in cash for the first tranche. We needed this capital to roll out the

[Habs1993]

Thank you for this great answer. What puzzled me is the $0.30. Why so low?

[IndieInvester]

All deals made with shares have to be linked to the fair market value price. CSE rules. I don’t know how they got $0.30 exactly but it’s pretty close to the fair market value. When we start a couple days of trading at $0.60, any future deals would be at that price.  That’s my opinion, not legal opinion.  

[Guest101]

... no, newstrike and auxly both have very similar deals and this deal is only for the 3 companies... to me it looks like a way of protecting there investment in the event of a buyout... with inside ownership auxly newstrike and rrl and the exercisable warrents a buyout by canopy or Aurora and all other giant companies looks very unlikely