My understanding is MMJ will get $2.5M plus TSR will be left with $12.5M in cash with MMJ still having 69% of TSR as well as retaining 100% of PTL side of business. Have a look at the Cancadian and US listed cannabis stocks (AERO, Aurora, PharmCam and others), they are all on a tear at the moment as the potential market growth is massive.
Once this transaction completes (Still a chance it doesn't I suppose though), I think we will see 30c-35c fairly quickly as state side investors see the value here. After that if market keeps progressing then who knows.
MMJ Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
