OTCQX:ACRGF - Post by User
Post by
MortgageFreeon Sep 14, 2020 6:23pm
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Post# 31557270
This is my take on the deal.
This is my take on the deal. The higher Canopy goes the more we benefit when the triggering event and conversion of fixed share happens. We get 0.3048 of a Canopy share for every Acreage share we own. So when Canopy goes up our 70% fixed shares are worth more money. On the other hand we also need Acreage to go up to increase the value of our floating shares. The higher Acreage climbs the more Canopy will have to pay us for our floating shares or maybe even a 1 for 1 conversion if we can reach close to their share price. So I'm hoping after the triggering event and conversion of fixed shares into Canopy that we climb fast over the 30days trading volume so that Canopy will have to pay us big time for those floating shares. It's a minimum of $6.41 US right now but will be much much higher days after the triggering event imo.