If this deal were to fall through sp would crash back down to where it was (or lower) and in addition MT would have to pay CGC $10 million. The market would not react kindly towards MT if this were to happen. There is a reason sp was perpetually underperforming compared to peers. I believe management have now shown their cards and they do not have a rec strategy and no plans to develop one. Directors unanimously want to sell... I don't understand why any shareholder would want to go against their wishes as they know what's in the best interest of the company and are shareholders themselves.
http://www.bnn.ca/video/mettrum-ceo-why-i-sold-canada-s-no-2-weed-grower~1008182
They did an excellent job building MT to where it is now. I believe all along their plan was to make it a valuable target for another company. I think Mettrum CEO wants an out and is practically drooling at the opportunity to own CGC shares and hand the reigns over to Bruce to make him millions more. Sounds like he will still play a role and help expand their collective interests internationally. Please listen to the conference call regarding this acquisition before voting. This is a great deal for both companies and will improve cost synergies tremendously. Why would you want to force Mettrum management against their will to go back to the drawing board when they all want to become part of the Canopy and grow a larger company together? This is no hostile takeover. This is both companies strategically working together and planning this through talks and developing a relationship over a long period of time. Voting no is throwing your money down the toilet.
Agree to disagree.
MT directors know what's best for shareholders. If you've had faith in them thus far then have faith in them now. DON'T PRESS THE BIG RED BUTTON! DON'T PRESS IT! Lol you will not like what happens if you do. :P
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