Stock corporation – Sweet As A Biscuit http://sweetasabiscuit.com/ Tue, 30 Nov 2021 03:03:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://sweetasabiscuit.com/wp-content/uploads/2021/10/icon-14-120x120.png Stock corporation – Sweet As A Biscuit http://sweetasabiscuit.com/ 32 32 Ex-dividend date from TransAlta Corporation (TAC) scheduled for November 30, 2021 https://sweetasabiscuit.com/ex-dividend-date-from-transalta-corporation-tac-scheduled-for-november-30-2021/ Tue, 30 Nov 2021 01:38:37 +0000 https://sweetasabiscuit.com/ex-dividend-date-from-transalta-corporation-tac-scheduled-for-november-30-2021/ TransAlta Corporation (TAC) will begin ex-dividend trading on November 30, 2021. A cash dividend of $ 0.04 per share is expected to be paid on January 1, 2022. Shareholders who purchased TAC prior to the ex-dividend date are eligible to receive the payment of the dividend in cash. This represents an increase of 11.11% compared […]]]>

TransAlta Corporation (TAC) will begin ex-dividend trading on November 30, 2021. A cash dividend of $ 0.04 per share is expected to be paid on January 1, 2022. Shareholders who purchased TAC prior to the ex-dividend date are eligible to receive the payment of the dividend in cash. This represents an increase of 11.11% compared to the payment of the previous dividend. At the current price of $ 10.32, the dividend yield is 1.55%.

The previous trading day’s last APR sell-off was $ 10.32, down -12.54% from the 52-week high of $ 11.80 and an increase of 51.76% from compared to the 52-week low of $ 6.80.

TAC is part of the utilities sector, which includes companies such as NextEra Energy, Inc. (NEE) and Dominion Energy, Inc. (D). TAC’s current earnings per share, an indicator of a company’s profitability, is $ -1.93. Zacks Investment Research reports that TAC’s forecast profit growth in 2021 is -264.47%, compared to an industry average of 2.3%.

For more information on declaration, registration and payment dates, visit the tac dividend history page. Our dividend calendar contains the full list of stocks that have an ex-dividend today.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Genscript Biotech Corporation (HKG: 1548) insiders reportedly made a handsome sum after selling $ 9.1million in shares at a high price https://sweetasabiscuit.com/genscript-biotech-corporation-hkg-1548-insiders-reportedly-made-a-handsome-sum-after-selling-9-1million-in-shares-at-a-high-price/ Sun, 28 Nov 2021 01:45:20 +0000 https://sweetasabiscuit.com/genscript-biotech-corporation-hkg-1548-insiders-reportedly-made-a-handsome-sum-after-selling-9-1million-in-shares-at-a-high-price/ Although Genscript Biotech Corporation (HKG: 1548) The stock rose 7.4% last week, insiders who sold $ 9.1 million in stock in the past year are likely better off. Selling at an average price of US $ 41.99, which is higher than the current price, may have been the best decision for these insiders, as their […]]]>

Although Genscript Biotech Corporation (HKG: 1548) The stock rose 7.4% last week, insiders who sold $ 9.1 million in stock in the past year are likely better off. Selling at an average price of US $ 41.99, which is higher than the current price, may have been the best decision for these insiders, as their investment would have been worth less now than when it was sold.

While we don’t think shareholders should just follow insider trading, logic dictates that you pay attention to whether insiders are buying or selling stocks.

See our latest review for Genscript Biotech

The last 12 months of insider trading at Genscript Biotech

The chairman of the board and secretary of the board, Jiange Meng, achieved the biggest insider sale in the past 12 months. This single transaction involved shares valued at HK $ 9.1 million priced at HK $ 42.03 each. This means that an insider was selling shares around the current price of HK $ 40.10. While we generally don’t like to see insider sales, it is more of a concern whether the sales come at a lower price. Given that the sale took place around current prices, this makes us a little cautious but is not a major concern.

In the past year, Genscript Biotech insiders have not purchased any shares in the company. You can see insider trading (by companies and individuals) over the past year represented in the graph below. By clicking on the graph below, you can see the precise detail of each insider trade!

SEHK: 1,548 Insider Trading Volume November 28, 2021

For those who like to find winning investments this free list of growing companies with recent insider buys, might be just the ticket.

Insider property of Genscript Biotech

For an ordinary shareholder, it is worth checking out how many shares are owned by company insiders. We generally like to see fairly high levels of insider ownership. It appears that Genscript Biotech insiders own 0.1% of the company, worth around HK $ 110 million. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.

So what does this data suggest about Genscript Biotech insiders?

It doesn’t really mean much that no insider traded shares of Genscript Biotech in the past quarter. It’s great to see high levels of insider ownership, but looking back on last year, we’re not gaining the trust of Genscript Biotech insiders selling. So these insider trading can help us build a stock thesis, but it’s also worth knowing the risks this business faces. Concrete example: we have spotted 2 warning signs for Genscript Biotech you must be aware.

If you would rather consult with another company – one with potentially superior finances – then don’t miss this free list of interesting companies, which have a HIGH return on equity and low leverage.

For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


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As the market capitalization of Kopin Corporation (NASDAQ: KOPN)) fell by $ 88 million, insiders who sold $ 7.8 million of shares were able to make up for their losses https://sweetasabiscuit.com/as-the-market-capitalization-of-kopin-corporation-nasdaq-kopn-fell-by-88-million-insiders-who-sold-7-8-million-of-shares-were-able-to-make-up-for-their-losses/ Thu, 25 Nov 2021 17:33:44 +0000 https://sweetasabiscuit.com/as-the-market-capitalization-of-kopin-corporation-nasdaq-kopn-fell-by-88-million-insiders-who-sold-7-8-million-of-shares-were-able-to-make-up-for-their-losses/ Initiated to Kopin Company (NASDAQ: KOPN) has sold $ 7.8 million shares at an average price of $ 9.63 per share over the past year, getting the most out of their investment. The company’s market valuation fell by US $ 88 million after the stock price fell 15% over the past week, but insiders were […]]]>

Initiated to Kopin Company (NASDAQ: KOPN) has sold $ 7.8 million shares at an average price of $ 9.63 per share over the past year, getting the most out of their investment. The company’s market valuation fell by US $ 88 million after the stock price fell 15% over the past week, but insiders were spared painful losses.

While we don’t believe shareholders should just follow insider trading, we believe it would be foolish to ignore insider trading altogether.

See our latest analysis for Kopin

Kopin insider trading in the past year

Secretary and Independent Director David Brook made the biggest insider sale in the past 12 months. This one-time transaction involved shares valued at US $ 2.9 million at a price of US $ 9.57 each. While insider selling is negative, for us it is even more so if stocks are sold for a lower price. It is heartwarming that this sale was made at a much higher price than the current share price, which is US $ 5.38. So this may not tell us anything about what insiders think about the current share price.

In total, insiders sold more Kopin shares than they bought in the past year. Below you can see a visual representation of insider trading (by businesses and individuals) over the past 12 months. If you want to know exactly who sold, for how much and when, just click on the graph below!

NasdaqCM: KOPN Insider Trading Volume November 25, 2021

If you like to buy stocks that insiders buy rather than sell, then you might love this free list of companies. (Hint: insiders bought them).

Does Kopin boast of ownership of a high insider?

I like to look at how many shares insiders own in a company, to help inform my perspective on their alignment with insiders. We generally like to see fairly high levels of insider ownership. It appears that Kopin insiders own 7.7% of the company, worth around $ 37 million. This level of insider ownership is good but just short of being particularly noteworthy. It certainly suggests a reasonable degree of alignment.

What could insider trading at Kopin tell us?

It doesn’t mean much that no insider traded Kopin shares in the past quarter. Still, insider trading at Kopin over the past 12 months is not very encouraging. The modest level of insider ownership is, at least, some comfort. In addition to knowing the current insider transactions, it is useful to identify the risks facing Kopin. Our analysis shows 4 warning signs for Kopin (1 is concerning!) And we strongly recommend that you consult them before investing.

Sure Kopin might not be the best stock to buy. So you might want to see this free collection of high quality businesses.

For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


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Everest Consolidator Acquisition Corporation Announces Price of $ 150 Million Initial Public Offering | Business https://sweetasabiscuit.com/everest-consolidator-acquisition-corporation-announces-price-of-150-million-initial-public-offering-business/ Wed, 24 Nov 2021 00:32:14 +0000 https://sweetasabiscuit.com/everest-consolidator-acquisition-corporation-announces-price-of-150-million-initial-public-offering-business/ NEWPORT BEACH, Calif .– (BUSINESS WIRE) – November 23, 2021– Everest Consolidator Acquisition Corporation (the “Company”) today announced the price of its initial public offering of 15,000,000 units at a price of $ 10.00 per unit. The Units will be listed on the New York Stock Exchange (“NYSE”) and will trade under the ticker symbol […]]]>

NEWPORT BEACH, Calif .– (BUSINESS WIRE) – November 23, 2021–

Everest Consolidator Acquisition Corporation (the “Company”) today announced the price of its initial public offering of 15,000,000 units at a price of $ 10.00 per unit. The Units will be listed on the New York Stock Exchange (“NYSE”) and will trade under the ticker symbol “MNTN.U” effective November 24, 2021. Each Unit issued under the Offer consists of one Class Share A of the Company. common shares and a redeemable half-warrant, each whole warrant entitling its holder to purchase one Class A common share at an exercise price of $ 11.50 per share. Once the securities comprising the Units begin to trade separately, the Class A Common Shares and Warrants are expected to be listed on the NYSE under the symbols “MNTN” and “MNTN WS”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will be traded. The offer is scheduled to close on November 29, 2021, subject to customary closing conditions.

BofA Securities acts as the sole accounting manager of the offering. The Company has granted the underwriter a 45-day option to purchase up to 2,250,000 additional units at the initial public offering price to cover over-allotments, if any.

The offer is being made only by means of a prospectus. Copies of the prospectus can be obtained, when available, from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by mail email to dg.prospectus —requests@bofa.com.

A registration statement relating to the securities was declared effective by the Securities and Exchange Commission (the “SEC”) on November 23, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to buy , nor be any sale of such securities in any state or jurisdiction in which such offering, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.

About Everest Consolidator Acquisition Corporation

The Company is a blank check company sponsored by a subsidiary of Belay Associates, LLC and formed for the purpose of completing a merger, stock exchange, asset acquisition, share purchase, reorganization or consolidation similar companies with one or more companies or entities. The Company intends to focus its search for business combination targets in the wealth management industry, including independent financial advisory providers as well as technology companies focused on wealth management, although it can pursue an acquisition in any sector or business sector.

Forward-looking statements

This press release contains statements that constitute “forward-looking statements”, including with respect to the initial public offering of the Company and the intended use of the net proceeds. No guarantee can be given that the Offer will be completed as described, or not at all, or that the net proceeds of the Offer will be used as stated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and prospectus for the offer filed with the SEC. . Copies are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211123006219/en/

CONTACT: Investor contacts:

Katherine paulson

kpaulson@belayinvest.com

Chris Sullivan

chris@macmillancom.com

212-473-4442

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL SERVICES

SOURCE: Everest Consolidator Acquisition Corporation

Copyright Business Wire 2021.

PUB: 23/11/2021 19:30 / DISC: 23/11/2021 19:32

http://www.businesswire.com/news/home/20211123006219/en

Copyright Business Wire 2021.


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The intrinsic value of Bharat Petroleum Corporation Limited (NSE: BPCL) is potentially 25% lower than its share price https://sweetasabiscuit.com/the-intrinsic-value-of-bharat-petroleum-corporation-limited-nse-bpcl-is-potentially-25-lower-than-its-share-price/ Mon, 22 Nov 2021 01:15:02 +0000 https://sweetasabiscuit.com/the-intrinsic-value-of-bharat-petroleum-corporation-limited-nse-bpcl-is-potentially-25-lower-than-its-share-price/ How far is Bharat Petroleum Corporation Limited (NSE: BPCL) from its intrinsic value? Using the most recent financial data, we’ll examine whether the stock price is fair by estimating the company’s future cash flows and discounting them to their present value. Our analysis will use the discounted cash flow (DCF) model. There really isn’t much […]]]>

How far is Bharat Petroleum Corporation Limited (NSE: BPCL) from its intrinsic value? Using the most recent financial data, we’ll examine whether the stock price is fair by estimating the company’s future cash flows and discounting them to their present value. Our analysis will use the discounted cash flow (DCF) model. There really isn’t much to do, although it might seem quite complex.

We draw your attention to the fact that there are many ways to assess a business and, like DCF, each technique has advantages and disadvantages in certain scenarios. For those who are passionate about equity analysis, the Simply Wall St analysis template here may be something of interest to you.

Check out our latest analysis for Bharat Petroleum

What is the estimated valuation?

We use what is called a two-step model, which simply means that we have two different periods of growth rate for the cash flow of the business. Usually, the first stage is higher growth, and the second stage is a lower growth stage. To begin with, we need to estimate the next ten years of cash flow. Where possible, we use analyst estimates, but when these are not available, we extrapolate the previous free cash flow (FCF) from the last estimate or stated value. We assume that companies with decreasing free cash flow will slow their rate of contraction, and companies with increasing free cash flow will see their growth rate slow during this period. We do this to reflect the fact that growth tends to slow down more in the early years than in subsequent years.

A DCF is based on the idea that a dollar in the future is worth less than a dollar today, so we need to discount the sum of these future cash flows to arrive at an estimate of the present value:

10-year free cash flow (FCF) forecast

2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Leverage FCF (₹, Millions) ₹ 75.7b 76.8b 79.9b ₹ 83.1b ₹ 87.2b ₹ 92.0b 97.3b ₹ 103.3b 109.8b 116.8b
Source of estimated growth rate Analyst x8 Analyst x8 Analyst x6 Est @ 4.11% Is 4.9% East @ 5.45% Est @ 5.84% Est @ 6.11% East @ 6.3% Est @ 6.43%
Present value (₹, millions) discounted at 17% ₹ 64.8k 56.2k ₹ 50.0k 44.5k ₹ 39.9k 36.0k ₹ 32.6k ₹ 29.6k ₹ 26.9k 24.5k

(“East” = FCF growth rate estimated by Simply Wall St)
10-year present value of cash flows (PVCF) = 405b

After calculating the present value of future cash flows over the initial 10 year period, we need to calculate the terminal value, which takes into account all future cash flows beyond the first step. The Gordon growth formula is used to calculate the terminal value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 6.7%. We discount terminal cash flows to their present value at a cost of equity of 17%.

Terminal value (TV)= FCF2031 × (1 + g) ÷ (r – g) = 117b × (1 + 6.7%) ÷ (17% – 6.7%) = ₹ 1.2t

Present value of terminal value (PVTV)= TV / (1 + r)ten= ₹ 1.2t ÷ (1 + 17%)ten= 257b

The total value, or equity value, is then the sum of the present value of future cash flows, which in this case is ₹ 662b. In the last step, we divide the equity value by the number of shares outstanding. Compared to the current share price of 405, the company looks potentially overvalued at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it’s best to take this as a rough estimate, not precise down to the last penny.

NSEI: BPCL Discounted Cash Flow November 22, 2021

Important assumptions

We draw your attention to the fact that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. You don’t have to agree with these entries, I recommend that you redo the math yourself and play around with it. The DCF also does not take into account the possible cyclicality of an industry or the future capital needs of a company, so it does not give a full picture of a company’s potential performance. Since we view Bharat Petroleum as a potential shareholder, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which takes into account debt. In this calculation, we used 17%, which is based on a leveraged beta of 1.632. Beta is a measure of the volatility of a stock relative to the market as a whole. We get our beta from the industry average beta of comparable companies globally, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable company.

Looking forward:

While important, calculating DCF is just one of the many factors you need to assess for a business. The DCF model is not a perfect equity valuation tool. Instead, the best use of a DCF model is to test certain assumptions and theories to see if they would lead to undervaluation or overvaluation of the company. For example, if the terminal value growth rate is adjusted slightly, it can dramatically change the overall result. Can we understand why the company trades at a premium over its intrinsic value? For Bharat Petroleum, we have compiled three relevant factors to consider:

  1. Risks: To do this, you need to know the 3 warning signs we spotted with Bharat Petroleum.
  2. Future benefits: How does BPCL’s growth rate compare to that of its peers and the broader market? Dig deeper into the analyst consensus count for years to come by interacting with our free analyst growth expectations chart.
  3. Other strong companies: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid trading fundamentals to see if there are other companies you may not have considered!

PS. The Simply Wall St app performs a daily discounted cash flow assessment for each NSEI share. If you want to find the calculation for other actions, just search here.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St does not have any position in the mentioned stocks.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


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Does the recent performance of Dover Corporation (NYSE: DOV) stock reflect its financial health? https://sweetasabiscuit.com/does-the-recent-performance-of-dover-corporation-nyse-dov-stock-reflect-its-financial-health/ Sat, 20 Nov 2021 12:54:06 +0000 https://sweetasabiscuit.com/does-the-recent-performance-of-dover-corporation-nyse-dov-stock-reflect-its-financial-health/ Most readers already know that Dover (NYSE: DOV) stock rose 4.3% in the past month. Given that the market rewards strong, long-term financials, we wonder if this is the case in this case. In particular, we will pay particular attention to the ROE of Dover today. Return on equity or ROE is a test of […]]]>

Most readers already know that Dover (NYSE: DOV) stock rose 4.3% in the past month. Given that the market rewards strong, long-term financials, we wonder if this is the case in this case. In particular, we will pay particular attention to the ROE of Dover today.

Return on equity or ROE is a test of how effectively a company increases its value and manages investor money. In short, the ROE shows the profit that each dollar generates compared to the investments of its shareholders.

See our latest review for Dover

How to calculate return on equity?

The formula for ROE is:

Return on equity = Net income (from continuing operations) ÷ Equity

So, based on the above formula, the ROE for Dover is:

24% = US $ 943 million ÷ US $ 3.9 billion (based on the last twelve months to September 2021).

The “return” is the profit of the last twelve months. This therefore means that for every $ 1 invested by its shareholder, the company generates a profit of $ 0.24.

What does ROE have to do with profit growth?

So far, we’ve learned that ROE measures how efficiently a business generates profits. Based on the portion of its profits that the company chooses to reinvest or “keep”, we are then able to assess a company’s future ability to generate profits. Assuming everything else is equal, companies that have both a higher return on equity and higher profit retention are generally those that have a higher growth rate than companies that do not have the same characteristics.

A side-by-side comparison of Dover’s 24% profit growth and ROE

For starters, Dover has a pretty high ROE, which is interesting. Second, even compared to the industry average of 13%, the company’s ROE is quite impressive. It is probably because of this that Dover has been able to record a decent growth in net income of 7.7% over the past five years.

In the next step, we compared Dover’s net income growth with the industry and found that the company has a similar growth figure compared to the industry average growth rate of 8.5% at during the same period.

NYSE: DOV Past Profit Growth November 20, 2021

Profit growth is a huge factor in the valuation of stocks. The investor should try to establish whether the expected growth or decline in earnings, as the case may be, is taken into account. This will help him determine if the future of the stock looks bright or worrisome. Has the market assessed DOV’s future prospects? You can find out in our latest Intrinsic Value infographic research report.

Is Dover Efficiently Using Its Retained Earnings?

With a three-year median payout rate of 42% (implying that the company keeps 58% of its profits), it appears that Dover is reinvesting effectively so as to see respectable profit growth and pay a good dividend. covered. .

In addition, Dover is committed to continuing to share its profits with its shareholders, which we can deduce from its long history of paying dividends for at least ten years. Our latest analyst data shows that the company’s future payout ratio is expected to drop to 29% over the next three years. Despite the lower expected payout ratio, the company’s ROE is not expected to change much.

Summary

Overall, we think Dover’s performance has been quite good. In particular, it is great to see that the company is investing heavily in its business and with a high rate of return, which has resulted in significant growth in its profits. We also looked at the latest analysts’ forecast and found that the company’s profit growth is expected to be similar to its current growth rate. To learn more about the company’s future earnings growth forecast, take a look at this free analyst forecast report for the company to learn more.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


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The Green Organic Dutchman Completes Strategic Acquisition of Galaxie Brands Corporation https://sweetasabiscuit.com/the-green-organic-dutchman-completes-strategic-acquisition-of-galaxie-brands-corporation/ Thu, 18 Nov 2021 13:30:00 +0000 https://sweetasabiscuit.com/the-green-organic-dutchman-completes-strategic-acquisition-of-galaxie-brands-corporation/ TORONTO, November 18, 2021 / PRNewswire / – The Green Organic Dutchman Holdings Ltd. (the “Society” Where “TGOD“) (CSE: TGOD) (US-OTC: TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that following its press release dated November 1, 2021, he completed the acquisition (the “Transaction“) of all issued and outstanding shares […]]]>

TORONTO, November 18, 2021 / PRNewswire / – The Green Organic Dutchman Holdings Ltd. (the “Society” Where “TGOD“) (CSE: TGOD) (US-OTC: TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that following its press release dated November 1, 2021, he completed the acquisition (the “Transaction“) of all issued and outstanding shares (the”Galaxy Actions“) of Galaxie Brands Corporation (“Galaxy“).

It’s an exciting day for the TGOD and Galaxie teams. In accordance with our strategic plan, the completion of the Transaction allows TGOD to accelerate its national growth. Thanks to Galaxie’s innovative and operational capabilities, scale and efficiency, the combined entity will generate stronger revenues and financial performance. “ noted Sean Bovingdon, CEO and Interim CFO of TGOD.

Following the close of the Transaction, TGOD will diversify its brand portfolio with the addition of the unique pre-rolls, vapes, solvent-free products from Galaxie and its flagship brand, Cruuzy. TGOD will also benefit from better regional distribution through Canada and gain additional exposure to the value edibles category through Galaxie’s exclusive joint venture in Canada with a large edible mark in United States.

The 26,000 square feet of Galaxie Ontario production facility (the “Galaxy installation“) is fully licensed by Health Canada and operational with 2.0 production capabilities. The Galaxie facility is expected to provide TGOD with additional cultivation, value-added processing, packaging, extraction and product development capabilities. Galaxie will become a wholly owned subsidiary of TGOD and will remain the licensee for the Galaxie facility.

The Transaction is expected to generate cost synergies by combining supply chain and distribution activities, product research and development, as well as cost reductions in sales, general and administrative activities and overheads. Galaxie’s strategic connections to the United States and existing industrial relations are expected to accelerate TGOD’s entry into the US market, as the growing platform of the organic brand TGOD is positioned for future expansion across the border.

I am proud of what we have built at Galaxie” noted Angus Infantryman, CEO and co-founder of Galaxie and president of the company. “In a short time, we have successfully developed and launched over 45 new innovative SKUs across Canada. We admire TGOD’s leadership in sustainable, organic and quality cannabis production and look forward to jointly developing new, innovative products that reflect our shared commitments to serving our consumers and building a sustainable global cannabis business.“, Footman added.

Transaction Details:

The initial equity consideration values ​​the transaction at around CAD $ 21 million. As part of the Transaction, the Company will assume $ 1,300,000 loans from existing Galaxie shareholders, which do not bear interest until at least January 31, 2022. The sellers of Galaxy Shares (the “Sellers“) are also entitled to earn up to CAD $ 15 million in additional shares of TGOD (the “TGOD actions“), subject to the achievement of certain financial milestones by December 31, 2022.

In consideration for the Galaxie Shares, TGOD issued 120,000,000 TGOD Shares at the price of $ 0.175 by TGOD Share, of which 40,000,000 TGOD Shares have been placed in a compensation escrow account to be paid up at the latest December 31, 2023, subject to the terms of discharge from the receiver of an indemnification escrow agreement, and the remaining 80,000,000 TGOD Shares were placed in an escrow account, with one sixth of these shares being released every four months. In addition, there is a earn-out provision, under which up to 85,714,286 additional TGOD shares could be issued by sellers, subject to certain milestones being achieved in 2022.

About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. (CSE: TGOD) (US – OTC: TGODF) is a sustainable global cannabis company that emphasizes innovation, quality, consistency, integrity and transparency. By leveraging science and technology, TGOD harnesses the power of nature, from seed to sale. The company is committed to cultivating a better future by producing its products responsibly, with less waste and less impact on the environment. In Canada, TGOD serves the recreational market with a portfolio of brands including The Green Organic Dutchman, Highly Dutch Organics, Ripple by TGOD and Cruuzy, and the medical markets in Canada, South Africa, Australia, and Germany. All cannabis used in The Green Organic Dutchman and Highly Dutch Organics brand products is grown through a certified organic process, which includes living soil, filtered rainwater, sunlight, and natural inputs. Through its European subsidiary, HemPoland, the company also distributes premium hemp CBD oil and CBD infused topicals in Europe.

The ordinary shares and the TGOD warrants issued by virtue of the deeds dated December 19, 2019, June 12, 2020, 23 october 2020 and December 10, 2020 Trade on the CSE under the symbol “TGOD”, “TGOD.WS”, “TGOD.WR”, “TGOD.WA” and “TGOD.WB” respectively. TGOD’s common stock trades in the United States on the OTCQX under the symbol “TGODF”. For more information on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca.

Warnings
This press release includes statements containing certain “forward-looking information” within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements in this release include, without limitation, statements about future production and manufacture, statements about future product development, distribution and delivery, statements about potential future revenues and synergies of costs, statements about potential entry into the US market, and statements about the level of demand for TGOD and Galaxie’s products. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “plan”, “intend”, “should”, “believe”, “anticipate”, “Estimate”, “power”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will occur”. These statements are only predictions. Various assumptions have been used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are based on the opinions and estimates of management as of the date the statements are made and are subject to various risks and uncertainties (including market conditions) and other factors that could cause that actual events or results differ materially from those projected in the forward-looking statements, including the risk factors described in the most recent annual information form of the Company filed with the Canadian securities regulatory authorities and available on the issuer profile of the Company on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in the preparation of forward-looking information or forward-looking statements in this press release are reasonable, such information should not be relied on unduly and no assurance can be given that such events will occur within the disclosed timeframe or not at all. The forward-looking information and forward-looking statements included in this press release are made as of the date of this press release. The Company has no obligation and expressly disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. .

Neither CSE nor the CSE Regulatory Services Provider (as that term is defined in CSE policies) accepts responsibility for the adequacy or accuracy of this release.

SOURCE The Green Organic Dutchman Holdings Ltd.

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The Sharekhan brokerage is betting on Greenpanel Industries, HealthCare Global Enterprises, KEC International, Affle India, Thermax and Greenlam Industries with an increase of 14 to 31%.

Sharekhan is betting on these small caps with an upside of up to 31%


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name Price Switch % variation
Sbi 499.15 -7.40 -1.46
Indiabulls Hsg 224.25 -2.20 -0.97
Nhpc 32.20 0.40 1.26
Rec. 140.95 -1.15 -0.81

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