Post by
mtd121215 on Dec 04, 2018 12:12pm
Thoughts?
The Investment Agreement provides for a $2.25 million investment by Tilray in exchange for the issuance of Inner Spirit common shares, based on the 10 day volume-weighted average price of the Company's common shares for the 10 day period ended on the business day prior to the initial closing date (the "First Tranche"). The First Tranche is expected to close in early December 2018, subject to satisfaction of certain closing conditions. In addition, on the third business day following the date which is six months after closing of the First Tranche, subject to certain conditions in favour of each party, Tilray and Inner Spirit will exchange common shares valued at an additional $2.25 million based on the 10 day volume-weighted average price of each company's shares at the time of issuance.
So if ISH wants shares of Tilray in 6 months and not cash is it fair to say that ISH anticipates Tilray stock being cheaper in 6 months?
Comment by
Optimum-A55 on Dec 04, 2018 12:41pm
I think it's the other way around. Tilray would want to know that ISH is off the ground and has financials to back the agreement. They also want a partnership by way of shares at that point as it will have proven some revenues. Just my two cents.