Quick calculations assuming the terms are correct put MMJ @ under 3% ownership of ESE. I happen to think ESE are a great company and I have owned them in the past, however I feel an investment into a revenue producing asset is what MMJ is crying out for at the moment. Seems they will become a defacto ETF going down this path.
Devil's advocate and just putting down thoughts.. How would you feel if MMJ took over CW's role in financing Lucky Lake and NewCo as a backdoor re-entry into the Canadian market? For me something along those lines would be a better fit.
MMJ Price at posting:
44.5¢ Sentiment: Hold Disclosure: Not Held
