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Tuesday, April 30, 2019 11:45:54 PM
One more comment to share with you guys...
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HEXO-Molson JV Truss, Hexo 42%
HEXO, one of the top companies in the sector, was only able to get 42% of their JV with Molson and HEXO also had to issue 11,500,000 warrants to Molson. Molson is in complete control. Absolutely nothing wrong with that deal, I like HEXO a lot. But…
I just point this out because if a company with the scale of HEXO can only get 42% of a JV with a multinational what are the chances Sproutly would get anything more than 15% of any JV with such a company. How do we know Sproutly didn’t speak to bigger players but didn’t like any potential deal? Or in the opposite direction, how do we know that any bigger players are interested in entering this space right now?
IMO, it’s more likely a Pernod comes in a couple years down the line when the bev sector has developed and the technology winners are clear. A Sproutly-Moosehead JV is an excellent take out target for a big multinational in several years if the cannabev category takes off.
It would be nearly impossible for a company of Sproutly’s size to negotiate a favorable deal with a multinational at this point in time.
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