The bought deal closed today and raised $70 million. The unit price was $3.50 for a share and 1/2 warrant. The conversion price on the debentures is well over the $3.29 high. Unless I am missing something here, the current share price of $1.60 is so out of touch with the price $70 million worth of investment was willing to pay in addition to the company having over $100 million in cash. Presently, ABCCF might be the most undervalued MJ stock with a market cap of at least 100 million.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.