$CBGL A $5million total value market cap that owns
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Doing the math on the CBGL / MCOA deal.
If you read the recent SEC filings CBGL owns 650 million shares of MCOA and MCOA owns 7.2 million shares of CBGL.
Here’s what interesting. MCOA’s stake in CBGL is worth $1.3 million but CBGL’s stake in MCOA is worth $5.2 million. There are only 40million CBGL shares outstanding, so each share of CBGL gets a $0.13 kicker in added value for the MCOA shares. On top of that is that stake announced in the marijuana lab called Naturals Plants, which is worth $1.7 equal to an additional $.06 per shares. So that’s an additional $.19 per shares added value for CBGL. Yet the shares are at $0.20. Bottom line is both companies are really attractive here.
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