This has to be a win for exiting shareholders. Merchants always believed they could use the cash reserves for a better purpose and they have. I only really invested in 1pg because of the cash. I was hopeful that 1pg could provide some upside in share, but as we all know it was a sinking ship.
This investment seems on the surface to be a win win. Medical canibas is the real deal and companies in this space a really kicking goals. Merchants with ac8 know the business and the potential upside. Being in Europe is also another bonus. You would have to expect a spike when it opens. Fingers crossed.
I for one will be voting for a name change and the JV.
1PG Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
