CGB 7.14% 0.8¢ cann global limited

Response from CGB, page-176

  1. 1,365 Posts.
    lightbulb Created with Sketch. 832
    The shares to be issued to MCL for the remaining 45% was based on market valuation of CGB at the time.

    Nothing materially is changing because under the original 55-45% split MCL still stood to take 45% of the profits. Under the new aquisition structure MCL will instead recieve payment in the form of dividend like everyother shareholder.

    So what do we potentially get for this aquisition?

    In my opinion a much greater streamlined business structure that is more appealing to potential investors without the concern of CGB agreeing to float the remaining % of MCL on the stock exchange at a later date.

    On paper we now stand to have more shares on issue however the savvy investor will understand that for the purpose of profit sharing CGB always had this dilution.

    It's been discussed ad nauseam.
 
watchlist Created with Sketch. Add CGB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.