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Re: shotsky post# 85845

Tuesday, 11/21/2017 10:59:58 PM

Tuesday, November 21, 2017 10:59:58 PM

Post# of 143293
I agree. They'll probably do a private placement of shares (they mentioned 10 cents/share in the Q3). In the Q3, they said that TGGI would end up with 50% of Cannabis Consortium when all is said and done. TGGI currently owns 63% of CC, but I imagine it'll go down to closer to the 50% originally stated once the private placement of shares.

Could get very interesting :) GLTA!

Probably not - it's still a private company until the merger is complete. Then it will be a whole new company with no debt and no money. That means selling shares for operating cash. I assume they will try to get equity investors instead of taking on convertible debt. It will depend a lot on what financing is available for pot companies.
They could also do a private placement, which would make shares available to the public to purchase, at a given price. I seem to remember something about $.10 in something I read a while back. Meaning, you could buy into the public CC by paying that price per share.
We will know soon enough...


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