Post by
geodcan on Oct 04, 2020 1:07am
Trading volume is so minimal
that this could do anything as far as volatility. Management isn't informing shareholders about wtf is going on and got the sheeples dumping shares. For the floating shares to get hammered this badly as this deal moves forward doesn' make sense other than investors are migrating to Canopy as being the more trustworthy investment. The old Acreage management grabbed the money and put it into shareholders pockets initially, probably because it was becoming evident that they overpaid for assets and that would help to pacify the first string of investors. The second Canopy Acreage deal ensured that the payment by Canopy to Acreage went to shareholders of record and not as renumeration to management. I am going to sit tight as this sorts itself out and pray for a triggering event to happen which imho will solidify the deal for Canopy to swap out shares of Acreage for Canopy. My crystal ball tells me that the shareprice of Canopy will jump up to old highs and Acreage shares will become more valuable than what the market is giving them now. Acreage is destined to be Canopy times 10 just for the size of the US market and the deal to deal that is going to happen. Canopy has skus and will pick from Acreage's skus too and if that isn't enough, they will buy successful brands, recipes and IP. Their focus is on beverages which might be the Constellation effect which makes sense for rapid turnover and high profit margins and a nicer ingestion method than smoking. There is a big picture plan for this trifecta of companies that is going to take some time and a triggering event to bring it all together. jmho, glta and dyodd
Comment by
LI4VESTREAM543 on Oct 05, 2020 12:45am
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