I think they have a licensed grow facility already...so the Hip branding power is just an added bonus. No clue how much revenue they were planning on driving from selling their product over in Europe over the next calendar year...but clearly CanniMed thinks they're gonna be driving millions in revs otherwise they(CanniMed) wouldn't have made the offer to buy em out right.
The HIP s/h's know what share price CanniMed offered otherwise they wouldn't have approved the deal by an overwhelming margin as todays s/h vote PR states right.
But my own guess is judging solely by the recent pop and ensuing drop in share price here, is that when the "buzz" was in motion on the proposed CanniMed buyout...HIP shareholders and friends then rushed out and bought up the stock driving it to $3.30...but when they found out that the offer from CanniMed was gonna be much lower than expected...that is what's behind the recent sell off from $3.30 back down to todays close at $1.12.
We will know soon enough, but I personally suspect the CanniMed offer will probably be around 50 cents per share...in other words exactly around the share price this stock was trading at prior to probable buyout "buzz" making its rounds lol.
The most intriguing part of todays news is how hard Aurora is goin' after CanniMed right down to trying to do a hostile takeover. This deal if it goes through is gonna make it that much harder for Aurora to succeed in taking over CanniMed right...and is a strong indication that there's definitely a lot of value brewing here in HIP which CanniMed views as a great way to fend off Aurora cheers!
Never buy or sell based on my posts! My posts are just my opinion!
