"Terra Tech To Acquire Golden Leaf: Little To Cheer About" Nov. 7, 2018 8:53 AM ET "Conclusion We previously concluded that Terra Tech represents an inferior investment relative to other U.S. cannabis plays and our position remains unchanged after this deal. However, we do think Terra Tech got a good deal by acquiring revenue-generating assets at a reasonable multiple, despite likely being dilutive in the short term. If Terra Tech can be successfully listed on the CSE (we don't see any reason why it couldn't due to the low listing requirements) we believe its appeal to potential investors would increase due to improved reporting and better liquidity compared to its OTC listing currently.
For Golden Leaf shareholders, we think a 25% premium off prices near the 52-week low is nothing to be excited about. We would also be sellers given our cautious view on Terra Tech and its management track record (the reverse split was a big red flag). However, we see a very low probability of another bidder emerging due to the weak asset base of Golden Leaf that is heavily concentrated in Oregon. Our suggestion to Golden Leaf investors would be to take the premium and invest the proceeds in other U.S. cannabis names."
"Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article."
News 
Market Data 
Discover 
AI
