Yooma Wellness Inc has a dual quotation on the Canadian Securities Exchange and obtaining the Aquis quotation is part of the stated strategy to become the largest CBD business in the world. Acquisitions have been made this year and at least three more are lined up.
There are more potential targets and the cash raised in the placing is not going to fund all the acquisitions if they come to fruition. More cash is likely to be raised because of the ambitious plans of the management.
The placing price was a 14% discount to the Canadian Securities Exchange. There are no trades reported on Aq...