CPH on it's own were likely going to fail long-term. There...

First 75 Last

Share
Profile

Follow
pierre23

2,457 Posts.

1101

17/06/21

12:08

Post #: 53896695
Share

Originally posted by edwardc: ↑

HAHAHAHA.. nice one.

in all seriousness though, if this deal can get Everblue out of the picture or at least not the controlling stake.. it may have a chance to be up there in the ranks the big boys.. you cant have the people running the show when there is a conflict of interest..

looking at the announcement again on news file corp, 73% of listed options is held by a select few (my posts go back to how they issue free shares and options to themselves). If Everblu manages to secure private funding and exercise those options.. their controlling stake will sky rocket.. giving them ever more control of how the business is run...

Officers, directors and certain Creso Pharma Shareholders, who collectively hold 15.31% of the Creso Pharma Shares on issue and 73.03% of the Creso Pharma Listed Options on issue have provided voting intention statements in support of the Scheme and Option Scheme, respectively. Officers, directors and certain Red Light Holland Shareholders who collectively hold approximately 5% of the issued and outstanding Red Light Holland Shares, have entered into voting support agreements in favour of the transaction.

Expand

CPH on it's own were likely going to fail long-term. There wasn't much doubt about that (unless management changed which wasn't going to happen).

However now holders may stand a chance with the new Company in their TRIP share holdings.

Probably the most positive (and legitimising) thing is William Lay is joining the team.

Mr. William Lay, previously Associate Director, M&A at Canopy Growth appointed Executive Vice President and Chief Strategy Officer to assist in growth trajectory - Mr. Lay has overseen and/or supported over C$5Bn in cannabis M&A transactions.

But I agree, the sooner they can get EverBlu out of the picture the better. There's a reason they call it conflicts of interest and why it's a huge no-no in business.

CPH Price at posting: 16.8¢ Sentiment: Sell Disclosure: Held
5 Upvote

0 Great analysis

Reply