InvestorsHub Logo
icon url

Bergycb

06/07/17 9:04 AM

#56831 RE: Tweedlede #56830

Pls explain to me how the Bed acquisition was accretive to Canopy shareholders? I doubt even Bruce today would try to claim that deal was accretive to anything
icon url

MMPRuser

06/07/17 9:07 AM

#56834 RE: Tweedlede #56830

The consideration for the Bedrocan transaction was
35,202,818 shares issued at a value of $1.64 per share which totaled $57,733,000 less cash acquired of $900,000.

That was a good deal for sure! Just saying that those shares might have had a market value of $1.64 around that time - but they were ultimately worth much more than that