RE: 7p IPO3 Oct 2024 12:54
HUI was transparent in sharing that they are seeking additional revenue streams to support the development of their facility. As Alexandra Binkowska repeatedly stated, she was committed to avoiding shareholder dilution, which she demonstrated by securing a non-convertible working capital loan from the CEO.
Many jumped on the bandwagon when HUI expressed interest in acquiring Essential Energy Holding, viewing it as a great opportunity. However, after analysing the financial details, HUI determined that it was not a suitable acquisition (hence the drop). When the opportunity arose to acquire a significant stake in Orchid Organics, thanks to Howard White and his family, the HUIs' CEO and Board recognised this as a clear choice to diversify risk and invest in a medical cannabis cultivator. This move positions HUI in two promising and emerging markets.
ATB & DYOR