Shareholder Speaks Out Against The Merger Of These Two Cannabis Companies
Portfolio Pulse from Vuk Zdinjak
Geronimo Capital founder and TPCO Holding Corp. shareholder George Allen has expressed concerns over the all-stock merger between TPCO (OTCQX:GRAMF) and Gold Flora, stating that the deal is not in the best interest of TPCO shareholders. Allen believes the transaction will trigger change-in-control, causing a windfall of cash and stock awards for management, and questions whether the board and management are acting in the best interest of shareholders.
June 05, 2023 | 4:15 pm
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TPCO shareholder George Allen has raised concerns over the all-stock merger between TPCO and Gold Flora, questioning if the deal is in the best interest of TPCO shareholders.
George Allen's concerns over the merger between TPCO and Gold Flora may negatively impact TPCO's stock price in the short term. Allen's questioning of the board and management's intentions could cause uncertainty among investors, leading to a potential decline in the stock price.
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