RE: Serious Question31 Oct 2020 09:16
Dunno about anyone else, but it’s not often I see anyone smoking cigars these days, CBD market will I have no doubt be much larger than cigar sales in the near future.
With that said, I’ll post an extract from Friday, from imperial brand, and I’ll let everyone else make their own conclusions as to how much a global brand such as ours in the cbd space going forward might be worth.
29 October 2020
Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42
Imperial Brands PLC completes sale of its Worldwide Premium Cigar Businesses
Imperial Brands PLC ("Imperial") is pleased to confirm the completion today of the sale of its worldwide premium cigar businesses ("Premium Cigars") for a total consideration of €1,225 million, of which net cash proceeds of €1.1 billion will be used to reduce debt.