Post by
geodcan on Dec 15, 2020 4:44pm
55orbust
You think your name calling and derogatory remarks add to your arguement? I know Acreage was on the ropes but I see them as a company put together for Canopy's purpose to rapidly move in the US. Who went to who is debatable to solve the problem or maybe that was the plan all along. Right now the market cap of Acreage is about 350 million which is a lot cheaper than the triggering deal that is on the books where Canopy swaps shares of Canopy for Acreage fixed shares, so what is your take if that happens. Canopy can just buy Acreage outright in the market except for their concern about the Fed possibility of action. This is just smart planning for the world leading marijuana and hemp company for their expansion plans into the US for rapid results. It doesn't have to be Acreage but more Acreage like but they already have put up a bunch of money and the share swap if going to dilute a stock that is going to need a lot more shares for when US investors start piling in. The perpetual delays by the US politicians is doing damage across the boards but some of those MSOs and LPs are hangin' in while others are biting the dust. Acreage's first management rapidly put together Acreage and paid more than he should have as time would prove. He also made a big mistake of dividending out hundreds of millions of dollars that came back to bite him on the azz when the delays went longer than anticipated. Canopy came in with the revamped deal with a sizzler of $30 million that again had to go to shareholders of record but also backed them for $100 million worth of loans. Acreage is a stand alone company until such time as Canopy assumes and amalgamates it and they have figured out a way of bolstering Acreage's bottom line with branding deals with a ton of hope hung on beverages which if anything will generate sales and revenues and help Acreage to get right. There is also the end run deal if the price of Acreage is held down like it is where Canopy just buys it in the market which I believe would nullify the revamped deal because they would have all the votes. Of course this is all predicated on a clear signal to launch the US greenrush triggering event. glta and dyodd