In a conversation this evening with a relative, an

In a conversation this evening with a relative, an executive in a large firm, he pointed out the tax advantage in a merger with a firm with large cumulative losses. He said that successful firms will sometimes "shop" for firms with large cumulative losses in order to reduce their own tax liability although he noted regulators have been tightening up to curb abuse. He also said a merger that forms a holding company is a "pretty good way to consolidate" and noted that a holding company is more difficult to sue. This can be a good thing, he said, in a high risk, high reward sector like mmj. I mentioned the merger announcement was silent about time frame for merger consummation and said little about conditions and terms. He was surprised by this and said they should get more information out about the merger "pretty darn quick."