RE: Trust and transparency26 Mar 2021 11:17
Barwick,
CBX and KNB both did multiples of their initial offering within their first days and their valuations were completely indefensible.
Both are companies looking for business.
EMMAC has been built from the ground up by experts and legal eagles who know exactly how to navigate Cannabis laws both UK and Europe and USA.
Curaleaf wanted to buy EMMAC to gain entry into Europe and a trusted Medical Cannabis space.
What Curaleaf didnt want to do was to pay an over inflated price for EMMAC which was spurred on by recent legislation changes and people ranting about "First Mover advantages"
FFWD held only 2.5%
EMMAC shareholders voted for the sale as they will benefit mostly over the next four years.
Ed was also dissapointed that he couldn't IPO it as were Libernum
As a company EMMAC will be fasttracked more quickly with Curaleaf behind it which is what is right for those people in that business. (If you were running that show, you'd have made the same decision"
I think we should feel more positive again knowing there are a number of shots on goal with Leap being a significant and important part of that.
I'd also be wondering what is next for FFWD and curious to see what the next investments are.