Lifeist Wellness Inc (NXTTF)

[PotterBanker]

The value?

"By implementing Findify's technology in applications of patient acquisition, conversion rates, order value and customer retention, the Company expects to reach 50,000 medical cannabis patients by the end of 2018 and up to 100,000 by the end of 2019"

Key terms of the Acquisition:

Namaste will acquire all issued and outstanding shares of Findify in exchange for:
US $2,000,000 in cash to be paid upon the closing date of the transaction.
US $10,000,000 to be paid in common shares of Namaste at a mutually agreed price of C$1.80 per common share.

C$1.80 per share?

So we have big capital locked in at C$2.55
This deal at C$1.80
Last round of options C$1.60

Right now market value C$1.62 and until today it was a little lower than that.

I like that the shareholders are able to buy shares for the same price as CEO options, and below the bought deal folks and the dilution share value on the acquisition.

most companies undercut the shareholders when doing these deals.

remarkable.

(still don't know how he got the bought deal folks to go for that much of a premium)

https://www.nasdaq.com/press-release/namaste-acquires-findify-a-leading-ai-and-machine-learning-company-to-increase-conversion-rates-20180502-01033