Market cap is 144 mil ! If the proxy is for 5 mil more shares Then the dilution is 13 percent raising the market cap to $162 mil. One can say the stock price should go down by 13 percent which is about 50 cents .
But here are the facts . It could take up 1 or 2 years to use up the shares . They don't have to use all the shares right alway . Mean dilution don't start today . Grwg is in a growth mode . 95 percent Of shares that will be use is usually to grow the company . Since the sales or purchases and acquisition are bought At 1x sales . Then issuing mores to buyout companies is A 1 off 1 on . Example . Buying a company at one time sales For $10 million then recognize $10 million . This a 1 off to buy for 10 mil But 1 on irecognizing $10 mil.
It's all about growth . A vote for against is a vote for slower Growth . This is a race to be the biggest and best hydro Company and ward off competition in the future .
Selling off stock occurred in feb . Maybe do to the virus And a shortage in the supply chain . It's definitely not Bc of revenues of 66 percent growth . What I think happened was they found a more expensive Supply chain outside of China. That's why eps was down.
Btw Lampert and Salaman shares increased in April .
This is not the stock to worry about . They are trading at 1.6 x sales and less then 1 x next years sales Publicly traded companies trade at 3 x to 10 x sales . Faster the growth the higher The multiplier . Once the business model is proven . Looks to me we have a very good start In the cannabis and hemp world .
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