Indiva Ltd V.NDVA.H

First Major Coverage for Indiva

[TheJerBear]

First major coverage - Indiva - An Exemplary Canadian Craft Producer Dominating the Edibles Category; New Product Drivers Coincide with Margin Tailwinds; Top of Mind LP

https://media-exp1.licdn.com/dms/document/C561FAQHVU0lUFfxLTw/feedshare-document-pdf-analyzed/0/1629479886246?e=1629568800&v=beta&t=P4a7yukSs4EeeRrDHUsmwGpjtBl9AzPdYkUbhaZbMlQ

[babedinkleman]

This post has been removed in accordance with Community Policy

[nedstar71]

I think SNDL taking out the rest of the shares is more likely than not. They are flush with cash and it makes total sense given the stake they already own and there's no point in buying any more plant production capacity in Canada. At what price is the question. 

[caretired1]

I think it takes $1.25 or higher per share

[QCINDIVALUVIN]

FIRE who has similar revenues got taken out for 400 millions. Indiva currently has a markey cap of 55 millions. Under the same terms or similar, it would put a Indiva buyout around 2.5$/3$ per share.

[caretired1]

I understand what you say but the 2 primary factors are how big a premium to current price can a buyers board of directors approve and how low a number would the block of sundial, mgmt and insiders holding convertible debt accept. The price is where those 2 numbers get married 

[QCINDIVALUVIN]

I agree. Still, 1.5$ a share is low for a company aiming to do around 50 millions in revs per year in my opinion...