Driscoll's recent acquisition of <5% stake in CGC

Couldn't see any discussion of this on any existing threads.

Interesting to see that in the last ~month Driscoll's has taken a decent stake (just below the <5% substantial holding) in Costa at an average price of $2.66. Obviously no ASX announcement given the 5% threshold has not been breached. For those unaware, Driscolls is a Californian based unlisted berry producer and one of the larger berry growers globally. Costa has a licence to sell/market Driscoll's berry variants and has a partnership with Driscoll's relating to R&D/farming practices.

Don't wat to read too much into potential M&A activity given there could be a range of interpretations for a strategic stake, but at the very least it is a vote of confidence by a sophisticated industry player that there is value at these price ranges for Costa.

Links:
https://www.copyright link/street-talk/driscoll-s-owns-stealth-stake-in-jv-partner-costa-20200128-p53vfx
disallowed/business/companies/global-berry-giant-driscoll-s-builds-stake-in-costa-group-20200128-p53vil.html