Acreage Holdings ACRGF

RE:Can Canopy back out of the deal if weed does become legal in

[geodcan]

There's two reasons to make deals.  You want to and think you will profit from it or you are backed into a corner and have to deal, usually to your detriment.  Canopy Growth proactively built the foundation of the world leading marijuana company under their umbrella by having a vision of what the leading marijuana company is going to look like and moving towards it with acquisitions and deals with companies they felt they needed.  All of those deals were with synergistic potential and provided Canopy with what they felt was missing.  
Being a publicly listed company in the greenrush in the US is a sticky wicket to say the least with a mish-mash of State and Federal rules set up to support and punish brave investors willing to move forward to supply marijuana and hemp products for public demand.
Canopy , through Bruce Linton (lawyer) did a magical bit of wizardry with Acreage Holdings to do a deal when the Feds redo the laws to allow marijuana and take the risk out of being investors in it.  Canopy needs Acreage and what hey have to be a serious leader in the States so until it is legal at the Federal level, will sit on the back burner.
Constellation liked what Canopy was doing, so much so, that they coughed up $4 billion US to get control of Canopy but are looking for a new leader that might be able to make the books look better sooner than what was happening in the build stage and Bruce Linton was shown the exit.  He left the company in great shape imho and destined for success because of his vision and what he built.
I think the deal is good and will go through.  It wasn't done out of duress by either party and both stand to benefit and grow.  glta and dyodd