Ann: Prospectus-TWH.AX, page-24

The offer is @1c and everyone will end up with 1/20 the number of shares after consolidation, so whoever gets in on the offer will have effectively paid 20c per new share. The opening price will be whatever the first sale goes through at, so you can reasonably expect that to be above 20c, but some (not many) could have bought @0.9c and be able to sell their new shares @18c without losing money.

I'm sure there'll be some buy orders @20c and some hopefuls below that. They launch the same day as TGA rescheduling, so holders would have to be pretty keen to sell at those break even prices. Creso is almost double its opening price within a week, but this doesn't mean AusCann will do the same (DYOR yadda yadda).