Acreage Holdings ACRGF

Just had a listen

[geodcan]

to the teleconference.  Dry as toast and the two reps could have been twins for how they presented.  Beancounters through and through imho.  They are currently sifting through the assets, weeding out some not-profitable players and outright selling stuff they can't afford to build out.  This is the frugal team after Murphy who was our Bruce Linton, grabbing up everything that could be an asset in the future.  It had to happen!  I am still crunching through the latest deal to deal between Canopy and Acreage and have sorted out in my mind that we are going to get our Acreage shares redeemed for 30% Canopy shares and the floating shares are still undefined and uncalculable to me.  So if I hold $10k worth of Acreage at $3 a share I would wind up with 1000 shares of Canopy currently at $25.  That is providing everything stays the same until we get a triggering event and those floating shares, I don't understand clearly to calculate any value.  My be point is about $6 a share so 10k worth would redeem me 500 shares of WEED at $25 which is about half of the first/present calculation which is telling me that I have to get my break even averaged down some more.  Our new guys in the driver's seat are bean counter book lookers who are burning through pencils and getting rid of red ink in the process but still moving on assets they like, from a red or black point of view with emphasis on the black.  Acreage is standing on its own right now and moving towards better days it seems so if it stayed at $3 and a triggering event takes place, my guess is it would launch Canopy to, at minimum, its former high sp which was close to $80 and I'm not sure about Acreage hitting its former high of $30 ish when we get the trigger event.  Math hurts my brain.  glta and dyodd

[Homestretch4me]

Geo, your calculations are incorrect. If the new deal gets approved your acreage shares will be split into two types of shares. Here is the math for you. 10000 shares of acreage will become 7000 shares of acreage tied to the deal with Canopy and 3000 floating shares of acreage. Once the triggering event happens your 7000 acreage shares will become 2100 canopy shares and you will still own the

[Homestretch4me]

Geo, My apologies, you were talking dollar amounts not share amount. The math is easier if you do all the transactions in shares and then convert to dollars afterwards. You were close. In your scenario you would end up with somewhere between 650-700 shares of canopy and still hold 1000 shares of acreage.