Wednesday, November 22, 2017 6:55:53 AM
To me the share deal would be more profitable in the long term, owning 10,000 Auscann shares would mean you'd get roughly 900 canopy shares and after giving it 12-18 months those canopy shares would appreciate to maybe $20-$25 each (rough guess).
Canopy already owns around a 10% stake in Auscann so that may skew the numbers a bit but that's the way a takeover would generally go.
All these numbers are estimates and are just to give an example.
I think a canopy buyout is a reality once we have some meaningful revenues and once we are cash flow positive. Either way I'm hoping to get between $1.50-$2 a share in the long term (1-3 years).
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