Acreage Holdings ACRGF

RE:RE:ACB

[geodcan]

Investors crossed the line and bet on irrational exuberance rather than tried and true traditional assessment methods and it wasn't just in WEED or ACB.  It was pretty much across the board of all the pot stocks.  Company management can contribute to the direction of the shareprice and maybe ACB and WEED ran with the herd of sheeple investors that stampeded the price up.  There was a lot of hope built into those lofty prices.  Smart investors didn't buy it or knew it for what it was which was flash in the pan profits, easily taken from the unwary.  If you don't take profit off the table it is only paper profits.  If you jumped on the freight train on its way up as it was picking up speed, you could expect some lumps and bruising.  I was premature with my assessment of what Acreage was worth and jumped in way too high.  Almost all of the MSOs are losing money and their current shareprices are based on future potential to make profits.  Acreage also caught the eyes of Canopy Growth management who saw that it would fit their plan for US expansion and inked a deal, full well knowing that the moon and stars would have to align for Canopy to be able to bring their vision to Acreage.  I'm talking about the Feds in the US rewriting existing legislation to allow the marijuana industry to flourish at the Federal level which is known to smart investors as the "trigger" for the biggest greenrush the world will see and also what will unite Canopy and Acreage and synergize both and their reason for being.  Good read link below.

https://thefreshtoast.com/cannabis/the-cannabis-industrys-top-12-us-multi-state-operators/