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  5. JWEL: Would you support replacing MFI with a combination of MRU and JWEL at the current price. [Jamieson Wellness Inc.]
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Q: Would you support replacing MFI with a combination of MRU and JWEL at the current price.

Thanks

Sylvain
Asked by Sylvain on October 08, 2024
5i Research Answer:

We are generally fine with this move. We think that MRU is a stronger name than MFI operating in a similar space. We are not huge fans of JWEL due to its high debt levels paired with slowed growth rates from prior years. We think a 1-for-1 swap MFI into MRU could be an option as well. 

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