It says that the facility was sold for a 1/3rd of the purchase price... not 4%. $260M refers to a facility in Medicine Hat (Alberta) which is in a different location to the one referenced earlier in the article which is in Exeter (Ontario).
Funny, it looks like there are two different articles or at least a gap in the article there... hope that wasn't intentional amb005?
Canada has had some serious issues with how legalization was carried out for cannabis - this has resulted in a boom bust scenario, particularly in the recreational space. Thus why these big companies are selling off assets, nearly every man and his dog has a license to grow weed.
This isn't the case in Australia.
It says that the facility was sold for a 1/3rd of the purchase...
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Last
1.6¢ |
Change
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Mkt cap ! $20.61M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $5.952K | 388.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3902313 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 225182 | 4 |
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| ECS (ASX) Chart |