Post by
G1945V on Apr 11, 2021 2:20pm
The Transaction
I will be very appreciative if an explanation can be provided how they came up with a value at approximately $435 million on a fully diluted basis (the "Transaction").
I can't seem to make sense of the following and how it relates to the sum of $435 Mil:
"Under the terms of the Arrangement Agreement, Supreme Cannabis shareholders will receive 0.01165872 of a Canopy common share (the "Exchange Ratio") and $0.0001 in cash in exchange for each Supreme Cannabis Share held. The Transaction provides Supreme Cannabis shareholders with a premium per Supreme Cannabis Share of approximately 66% based on the closing prices of the Supreme Cannabis Shares and Canopy common shares on the Toronto Stock Exchange (the "TSX") as of April 7, 2021 ."
TIA
G1945V
Comment by
Greenman519 on Apr 11, 2021 5:34pm
I'm really glad they added in that .0001 cash! Can't wait to get $30 back on my 300,000 thousand shares!
Comment by
vulcan123456789 on Apr 11, 2021 5:40pm
i agree the cash thing is slightly bigger joke then the entire deal..