I just sent another e-mail inquiry toPhilip Himmelstein investors@acreageholdings.com
in regards to how the Canopy consolidation is going to affect the reverse takeover deal that has been inked with Acreage.
For sure that would give cause for Canopy to revisit the terms of the deal and I haven't seen any explanation from either Canopy or Acreage A or B management.
With the Canopy sharefloat reduced to 10% I can imagine that the fixed shares of Acreage would be subject to a multiple of 10 to the existing deal of 3 plus shares for one Canopy share.
The silence from these two companies is deafening and IF I get a response from the link above, I will post it post haste.
If Canopy and Acreage complete the deal to rto Acreage this kind of lack of reporting from management will only get worse as the goal for CUSA is a private company which will leave shareholders in the dark from lack of reporting.
It seems that we are already suffering from this and nobody worse than Acreage shareholders which has been subjected to repeat dilutions or Canopy can just queer the deal and fockover all the shareholders of both companies, worse than they have been already.
Even Cramer said that Canopy doesn't seem to know what they are doing. That was after him suggesting that they are best in class of LPs.
Me, I'm not so sure!
I can't let go of the fact that they are deliberately manipulating this to run away with anything left of value.