@SerenityInvest1 Stars are aligning with Juul future in jeopardy and Altria growth in question and XXII hired John Miller in May who worked at US Smokeless which was acquired by Altria in 2009. I think Altria makes a quick pivot move for either an equity stake in XXII or getting the licensing
@tomangell Schumer sees the writing on the wall that the COMPETES conference will include SAFE and dems won't get special credit for a bipartisan conference bill - worst case scenario. Schumer might be incentivized to get a quick standalone done with Joyce including the equity provisions
@TradeNowFuture@SerenityInvest1 @SadhstNaz That might be true for SNDL but Sunstream Bankcorps' mission statement is to invest in low debt, high cash companies, ideally growing revenue and EPS. Sundial is probably the best example of the company they would like to invest in yet they also refuse to buy Sundial stock....??
@jlwbigd They acquired that company for hella cheap. GVB is cash flow positive and doing 50MM rev, I'd value that today minimum atleast $200-$300MM market cap. They only shelled out 32MM shares so they are valuing that at $6.25/XXII share on the low end
@smallcapstacks@Edark94 SNDL can't afford VFF though without doing another round of extreme dilution and the Alcanna deal showing that SNDL paper is definitely losing credibility in the marketplace