Wow, great news! I read the details of the transaction, great deal for sure! Some of my favorite quotes from the press release....
Abcann CEO Barry Fishman: “We will maximize operational and financial synergies, so that the combined company will be greater than the sum of its parts.”
"Having realized a positive return on invested capital since inception, Canna Farms brings an industry-leading cost structure with strong adjusted EBITDA margins. The combined company is expected to benefit from anticipated yield improvements and cost and operational synergies."
"Immediately Accretive: The Transaction will be immediately accretive to ABcann. For the twelve months ending June 30, 2018, Canna Farms generated unaudited revenue and adjusted EBITDA2 of $9.4 million and $4.3 million, respectively. For the fiscal year ending September 30, 2017, Canna Farms generated audited revenue of $5.8 million and adjusted EBITDA2 of $2.8 million."
