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SOL Global Investments Corp. (SOL.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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2.3500+0.1200 (+5.38%)
At close: 3:59PM EST
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  • b
    bruce
    2.00 today
  • m
    matt
    Im out. This thing is heading under a dollar again. Ill be looking to come back in after it does
  • B
    Beast
    From ; Nov. 24Th. 2020 ( In Print ) .
    www.stockhouse.com
    As per AGM materials just Issued , the Board wants to create a " Performance Stock Plan " , ( That's Novel ) , on top of the stock options plan and DSV plan , The PSU can sweep a Lot of Value to Officers and Directors ' Ahead of Shareholders ' ( 15% it seems ) , and presumalby at Values ' Crystalized / established before they are actually realized in Cash by SOL .
    ANDY D. has a 70% min. contracted Bonus Pool allocation , per the MIC, So can be expected to take 70+% of the PSU which , if Verano's value is crystallized at it's IPO value , for calculating the PSU , will be a Huge Sweep to him , away from shareholders , on top of his DSU's and Stock Options .. This is somehow in the ' Best Interests ' of the Company , and the Board exercising ' It's Duty of care ' , even though there is Nothing new , that SOL has done Vis-a-Vis Verano ..
    It's clearly an after the Fact incentive Plan / GRAB ..
    The Three ' Incentive ' plans designed to align Management and Shareholders ( Really ? ) , amount to 15% dilution each it appears , NAV per share needs to factor in these " Sweeps " , plus $50mm in Debt ...
    To Whom it may concern ..
    Stockhouse
    www.stockhouse.com
  • G
    Gerardo
    Sol is going really high in few days, more than double
  • B
    Bobby GT
    Paul Norman of HeavenlyRx just purchased 1,000,000 shares of Jones Soda, this is great news for SOL and HeavenlyRx, it shows HeavenlyRx is still very active behind the scenes. HeavenlyRx has invested in Jones Soda and in the process of producing a CBD soda. SOL owns 40% of HeavenlyRx, a major investment of SOL. More to come from this company, which could play a major player in the CBD market.
    Bullish
  • G
    Gerald
    SIRKIN also picke dup 1,000,000 shares
  • G
    Gerardo
    Hi everyone, my first time here at sol.
  • B
    Bobby GT
    Got this from StockHouse, Canadian chat room for SOL Global Investments. Not sure how true or where he got his information, but sounds great to me!
    Verano will go public in Q1....3 billion valuaton...SOL owns 12.5 %...$375 million US...$ 490 CDN...DIVIDED 55 million shares...$ 8.9 per share...add in other assets takes it to ..lets say $12 per share....take a 40% holding company discount..considering the characters in charge...$7.20...the question becomes...what does SOL do with the$$$$...figure that out and the discount to assets will close..dividend it out??..
  • m
    matt
    What percent of verano does sol own??
  • S
    S2H
    verano+bluma
  • B
    Bobby GT
    Verano has 14 retail stores in various states and will double the locations by the end of he year. This company is on the way to be one of the largest MSO's in the U.S. We own a percentage of Verano so when they grow we grow! Looking for $2.00 a share and more soon!!!
    Bullish
  • C
    Chris
    Great news
    Bullish
  • O
    Omar
    Wish I bought at 30 cents lol
  • B
    Bobby GT
    For those of you who didn't know. SOL Global investments are doing very well!
    Comparison of Income Statement for the nine-month period ended August 31, 2020 to the nine-month ended September 30, 2019
    Net gain from continuing operations totalled $62.0 million for the nine-month period ended August 31, 2020, compared to a loss of ($95.8) million for the nine-month period ended September 30, 2019. This represents a favourable change of $157.9 million. Total gain from investments totalled $90.3 million for the nine-month period ended August 31, 2020, compared to loss of ($77.2) million for the nine-month period ended September 30, 2019. This represents a favourable change of $167.5 million between periods. Total expenses were $28.3 million for the nine-month period ended August 31, 2020, compared to $15.6 million for the nine-month period ended September 30, 2019, which represents an increase of $12.7 million.
    Significant reasons for the changes in income and loss from operations:
    • The change in realized/unrealized gain on equity investments of $166.7 million is primarily due to $132.1 million
    in unrealized gain recognized for the Company’s investment in Verano Holdings LLC (“Verano”) Verano entered into a merger agreement with Harvest Health & Recreation Inc. (“Harvest”) in early 2019. On March 26, 2020, Verano and Harvest announced the mutual termination of their business combination. As a result, the value of Verano shares were no longer tied to the public market share price of Harvest through a fixed exchange ratio. As of August 31, 2020, the primary driver of change in fair market value for this position was the decoupling of Harvest and Verano’s share prices. On its own, Verano operates in 12 US states and Puerto Rico. It has very low debt compared to its peers and among the highest EBITDA and Operating Margins in the industry. The remaining difference is primarily attributed to an increase in the Company’s other public and private company investments. In addition, interest and other income increased by $0.7 million between periods.
    • Change in fair value of derivatives increased by $10.0 million. This is related to the $50.0 million debenture that the Company secured during July 2019. The debenture shall be repaid in cash on or before June 30, 2021. On August 31, 2020, the Company reversed the fair value of the embedded derivative liability recorded previously. This was primarily due to the termination of agreement between Harvest and Verano which in turn resulted in Verano being valued as a stand alone company coupled with low debt compared to its peers in highest EBITDA and operating margins which resulted in recording unrealized gain.
    Page 7 of 32
    Bullish
  • H
    HUGH
    Nice pop today. News should be coming soon.
  • b
    bruce
    we are on our way finally
  • m
    matt
    Volume is coming back up and should erase the losses from the morning and more
  • b
    bruce
    Here we go