Post by
geodcan on Jun 07, 2020 4:10pm
Having access to capital
is a reasonable, if not smart, move done by progressive entrpreneurs with a plan. You see dilution which is a factor but I see an increase in sharefloat that will be sorely needed when Canopy assumes the shares of Acreage. One of the largest countries with an interest in marijuana investments will be coming on stream looking for shares. 4 or 500 million shares is going to be skimpy and that event happening is going to drive the value of Canopy shares to new highs. American investors are doing the best they can using every legal angle available to be publicly traded companies that are expecting the same kind of rush that was seen in Canada as marijuana becomes mainstream and legal. Those extra shares, if exercised will secure working capital and help for an orderly increase in sharevalue for Canopy when this event happens. There are also some firesales happening right now for a lot of marijuana hopefuls that had potential but can't get financing. Some of those may be of interest to the Constellation/Canopy/Acreage amalgamation. Everyone of these companies are well managed, moneymakers that have had their progress slowed by slow legislation to allow the potential of a whole new, legal industry. The triggering event hasn't happened yet, but I am sure it is coming! glta and dyodd