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Bullboard - Stock Discussion Forum Acreage Holdings ACRGF

Acreage Holdings Inc is a vertically integrated, multi-state operator in the cannabis industry. Its business operations include cultivating, processing, distributing and retailing cannabis. The Company derives its revenues from its retail dispensary business where cannabis and cannabis-infused products are sold to consumers. Its geographic segments include New England, Mid-Atlantic, Midwest... see more

OTCQX:ACRGF - Post Discussion

Acreage Holdings > so 1000 shares of ACRGF
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Post by geodcan on Aug 14, 2020 7:04pm

so 1000 shares of ACRGF

today would cost 3130.00. If I understand correctly the split shares are 70% and 30% floaters. So 700 shares at $22 is $1540 and 300 shares at $6 or better is $1800.  Cost $3130 and cash in value is $3340 at todays range.  Now if we get a trigger and the States swings the doors open, I can see Canopy matching its old highs $60 US so 210 shares are worth $12,600.00 plus 300 floaters @ $6 or better so another $1800.00 for a total of $14,400.  This is just back of the envelope calculations of where I think this is going in US dollars.  I'm sure somebody will straighten me out if I haven't got this figured right, but I can see this happening with US legislation getting sorted out.
Comment by geodcan on Aug 14, 2020 7:20pm
I see it.  Not 700 but 210sh at $22 is $4620 and 300 shares @ $6 or better is $1800.  So a total of $6420 for a  $3130 investment.  If we get the trigger and if Canopy gets back to $60 a share that is 210 x $60 is $12,600 plus the floating shares of 300 @ $6 is $1800 for a total of $14,400.  Again there are a couple of ifs in there.  glta and dyodd
Comment by Supermariog on Aug 15, 2020 3:24pm
My wrintten English is bad, but ... 700 shares @ $ 22 = ? $ 15,400 ? Different picture. SM
Comment by geodcan on Aug 15, 2020 4:00pm
Those 700 shares get factored at 30% so 210 shares.  If I've got it right, it looks good!  Not as good as the original deal for beaten down shareholders and the real sweetness comes if we get the triggering event and Acreage is working hard to lean out, mean out and chase some profits.  If they launch the Tweed Canopy infused beverages brand along with the other 5 skus they are ...more  
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