What exactly are they getting, why are they buying, and why is it smart for Wana and PharmaCann owners to sell covered calls on their business?
We think the real value in Wana for Canopy is really for its 36% shareholder Constellation Brands (STZ).
Free Members and Premium Members to MJResearchCo can read our thoughts below. This article references our comp table, a sample priced on Octboer 15 can be downloaded here.
This article was updated on October 25, 2021 following an interview with Wana CEO Nancy Whiteman. The payment structure of the option has been updated since first publishig: upon exercise, Canopy Growth can acquire 100% of Wana Brands for 15% of the then-fair market value of Wana, with the potential for two earnout payments contingent upon performance (one at 30 months after close and one 60 months after close).