Canopy Growth Corp (WEED)

[Bresnahan]

Tell me if im wrong, but I do not think that i would NOT consider GMP Securities to be institutional investors. In a bought deal, the instituiton/investment bankers just guarentee the sale of the shares thus releasing TWD from having to find investors. The $15mm that TWD secured from GMP almost takes the place of otherwise having to secure a loan. In return, GMP recieves adiscount in share price to cover the expenses of underwriting with a little premium as well. I think this has nothing to do with the fair value of the stock considering that $3.2 was a discount to the share price at the time that the deal was taking place. I am long TWD for the record. Thoughts?