Post by
mydogchach on May 11, 2021 3:12pm
SSL Rumored Announcement?
Will SSL announce the Binding Letter of Offer Hexo has presented to ACB regarding the purchase of the shuttered Sun facility in Medicine Hat?
It coudl happen, I mean who can say after the Newstrike and Zena deals.
ACB's asking price was $200 million - Hexo offered $ 100 million and 100% ownership of Zenabis, which ACB declined naturally.
Hexo then raised the offer to $250 million, financed by the announced ATM of $150 million - and the sale of Zenabis facilities. Hexo will still assume the Zena debt of $100 million - which will written off
SSL commented - "yeah geez, I was flying over Medicine Hat to Calgary for a merger meeting with Sundial, and that sure looked like a nice big Canadian greenhouse" - I said 'why not, we don't need the production sq footage, but we could rent it out for heated storage space for now and have boat and RV shows - I have a $1.5 billion prospectus, and shareholders don't seem to mind"
Comment by
VeritasVern on May 11, 2021 4:02pm
You gotta admit the ol Dog does have a good sence of humor based in reality.