Post by
teamcannabis on Nov 22, 2018 1:11pm
the details
she read the same article in the finnincial post like everyone else on november 16. nac has lp ownership at 12%,ontario rules say you can own 9.9%.so aphria,cantrust and vivo have to lower their %.she like to scare everybody and thinks she knows more than the board of directors.
1.lps sell nac stock on open market to bring% down to 9.9,which they are already doing.
2.nac buys back enough stock from lps to drop to 9.9%
3.nac dilutes the stock,create and hold more shares so what they bought is 9.9%
4 my favorite,split the stock
nac/meta/secondcup plan to enter ontario market is underwaythey will have hundreds and hundreds of stores in ontario.you can also read the press release yesterday stateing they are currently the largest retail company in canada,and always will be.
Comment by
teamcannabis on Nov 22, 2018 1:16pm
read the article in the growth op
Comment by
Jessa7 on Nov 22, 2018 4:45pm
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Comment by
Djwburr on Nov 23, 2018 7:51am
If I’m incorrect I will admit I’m wrong. I read the legal paper (Ont Regulation 468/18) and have also asked IR for clarification. Aphria, VIVO, CannTrust, etc are not affiliates of one another so I think the 9.9% rule is per LP. In any case, I’ll leave it at that and post if I hear anything.
Comment by
Jessa7 on Nov 23, 2018 10:04am
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Comment by
Jessa7 on Nov 23, 2018 10:12am
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