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lesgetrich

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lesgetrich

Re: MD-420 post# 102578

Saturday, 12/21/2019 9:17:51 AM

Saturday, December 21, 2019 9:17:51 AM

Post# of 112684
The company needs the flexibility to make acquisitions that can bring in new revenue. Their last acquisition was CBJ Distributing which is now 80% owned by mCig and producing most of their current revenue. They wouldn't be able to do that again if they hadn't raised the AS. A smart acquisition adds value to the company and does not dilute shareholders even when new shares are issued (i.e. the added value of the asset is more than the value of shares issued).

Les

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