Lucy Scientific Gears Up For Global Wellness Via Acquisition, On Heels Of High Times News
Portfolio Pulse from Lara Goldstein
Lucy Scientific Discovery Inc. (NASDAQ:LSDI) is acquiring e-commerce platform BlueSky Wellness Inc. and High Times Holding's IP. The BlueSky deal involves 3.5 million shares of Lucy's stock plus annual earn-out payments. The acquisitions are expected to add a minimum of $22.1 million in revenue and $7.38 million in EBITDA in the first year. BlueSky's e-commerce brands have generated over $14.7 million yearly.
September 12, 2023 | 6:50 pm
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Lucy Scientific Discovery Inc. is acquiring BlueSky Wellness and High Times Holding's IP. The acquisitions are expected to boost revenues and EBITDA, potentially leading to a positive impact on the stock.
The acquisitions of BlueSky Wellness and High Times Holding's IP by Lucy Scientific Discovery Inc. are expected to significantly boost the company's revenues and EBITDA. This could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100