Bullboard - Stock Discussion Forum Inner Spirit Holdings Ltd. INSHF

Inner Spirit Holdings Ltd. has established a growing network of recreational cannabis stores across Canada under its Spiritleaf brand. The Spiritleaf network includes franchised and corporate-owned stores. The company aims to be the most knowledgeable and trusted source of recreational cannabis by offering a premium consumer experience and quality curated cannabis products.

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Inner Spirit Holdings Ltd. > Retail cannabis "investment"

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Post by RetiringYoung on Jun 03, 2020 6:07pm

Retail cannabis "investment"

Aurora to take steep loss on Alcanna investment after divesting stake for $27.6M
Aurora is divesting its stake in cannabis and liquor retailer Alcanna for $27.6 million in proceeds. Alcanna announced on Wednesday that the divestiture comes through a secondary bought-deal offering from Aurora, which is selling its 23-per-cent ownership stake in the company for $3 per share. An $138 million investment in 2018 began Aurora's partnership with Alcanna, which operates 31 cannabis stores in Alberta and Ontario. RBC Capital Markets analyst Douglas Miehm said in a report Wednesday that Aurora can redirect its proceeds from the sale to its "core internal growth initiatives," which could reduce the need to dilute its shares for future financing needs.

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