Q: On 5/30 Canopy Growth announced it acquires a 19.99% interest in Ndva,signs some lease agreement and holds an interest in the Wanda brand.Pleasecomment.In view of above,is it worthwhile holding on? No material movement in price after announcement.Txs for u usual great services & advices.
5i Research Answer:
With NDVA at $7.5M market cap, the deal is not material to WEED, but then again WEED is not the company it used to be, either. It will certainly help Wana grow its brand, but we with NDVA's tiny size and 77% one year loss we don't see much reason to hang on.