I see CAN being taken over at $7.5 by Aurora, page-47

How good is CAN at project management?

They have to manage the build of an A$100m facility over + 12 months.  This is more cash than they have in the bank so will need more capital (= shareholder dilution) and/or debt (= more financial leverage).

If you value CAN relative to its more mature major shareholder Aurora, then current mkt cap is not far off fair value with the risks involved.  I can't see how Aurora could pay much more for CAN without diluting its own sp?  This all assumes demand exceeds supply in the medium term, which is probably a reasonable assumption and probably baked into the Aurora mkt cap anyway.

	Column 1	Column 2
0	{colgroup}
1	{col=224x@}{/col}{col=107x@}{/col}
2	{/colgroup}
3	Aurora mkt cap (CAD Bn's)	5.260
4	Aurora production facility footprint (sq feet)	4,505,000.00
5	Aurora production facility footprint (sqm)	418,528.60
6	Aurora mkt cap per sqm	0.0000126
7	AUD equivalent mkt cap per sqm	0.0000129
8	CAN proposed footprint (sqm)	37,000.00
9	CAN equivalent mkt cap (AUD Bn's)	0.479
10	CAN actual mkt cap (AUD Bn's)	0.374