Post by
mesa1 on Aug 22, 2022 10:45am
VLNS will now trade as a SNDL proxy ...
and SNDL has lots of upside imo. SNDL has nicely averaged down their previous average cost per share of $8.
"On September 17, 2021, Sundial acquired 100,000 Common Shares at a price of $3.00 per Common Share (the "Transaction") for total consideration of $300,000. Immediately before the completion of the Transaction, Sundial owned 18,571,300 Common Shares, representing approximately 9.99% of the issued and outstanding Common Shares on a non-diluted basis as at September 20, 2021. Following the completion of the Transaction, together with all previous acquisitions of Common Shares by Sundial, the Company now owns 18,671,300 Common Shares, representing approximately 10.00% of the issued and outstanding Common Shares on a non-diluted basis as at September 20, 2021. Sundial's average cost base for the Common Shares, including those acquired in the Transaction, is $2.665 per Common Share"
So after the 1 for 3 consolidation SNDL's average cost for its now 6.224 million VLNS shares would be $8.00 ...