Marijuana Inc (MAJI)

[Buylownow7]

So SBCF aquired First Green Bancorp (the holding Corp, sound familiar?) back in 2018 for $731 million dollars. That the old Florida pot bank. SBCF (Seacoast) is trading on the Nasdaq with 51.41 Million OS, at over $25 a share. At the time of the deal it was valued at $23 a share.

STUART, Fla., June 11, 2018 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (“Seacoast”) (NASDAQ:SBCF), the holding company for Seacoast National Bank (“Seacoast Bank”), announced today that it has signed a definitive agreement to acquire First Green Bancorp, Inc., (“First Green”) the holding company for First Green Bank, in a transaction that will expand Seacoast’s presence in the attractive Orlando market and bolster its franchise in Fort Lauderdale.

Pursuant to the terms of the merger agreement, First Green, headquartered in Orlando, will be merged with and into Seacoast, and First Green Bank will be merged with and into Seacoast Bank. Organized in 2009, First Green has deposits of approximately $629 million and loans of $629 million, and will increase Seacoast’s deposits in Orlando by 49% to approximately $1,420 million.

Under the terms of the merger agreement, First Green shareholders will receive 0.7324 shares of Seacoast common stock for each share of First Green common stock. SBCF is trading at a 16.3 P/E for 1