$30m raise at $1 to buy Peak Processing Solutions (Canadian...

$30m raise at $1 to buy Peak Processing Solutions (Canadian cannabis company). There is an article in the street talk section of the AFR this morning that has more info if people want to read.

https://peakprocessing.com/about-us/

My initial thoughts for what its worth - looks good. Definitely was unexpected, as when we discussed possibility of capital raise in other thread recently it was pointed out that they had sufficient working capital until at least end of the year. No one denied they wouldn't ever have to raise capital, as this is the nature of cannabis companies in Australia currently, but was all about timing.

Not going to speculate what SP might do on Wednesday or for few days after as personally not very interested (nor good at doing so). Instead it will be worth seeing how well the $30m is raised and if it goes to quality investors, making $1 the new support.

Will wait and see when we know all the details on Wednesday. Crazy to even think that we're raising $30m at $1 when 6 months ago AGH was worth around that itself!