So I sent an email to Kristina Howe, the Investor Relations Manager yesterday regarding the press release that I posted on here. Harvest One are increasing the number of subscription receipts it is issuing from 20 000 000 to 33 333 333 and in doing so raising 22 million instead of the previously stated 15 million.
I'm all for them having more cash at their disposal however I was concerned that this will dilute MMJ's holding in the newly formed Harvest One Cannabis Inc.
I haven't worked out the exact figures but by my estimation this will take us from a 70% stake in the new company to somewhere in the vicinity of 60 - 62%.
I'm looking forward to seeing an announcement tomorrow clarifying the situation. Possibly if they are increasing the number of shares available to Harvest One then they will increase shares issued to us to keep the ratio on par.
Any thoughts on this?
So I sent an email to Kristina Howe, the Investor Relations...
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