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Acreage Holdings Inc C.ACRG.A.U

Alternate Symbol(s):  C.ACRG.B.U | ACRHF | ACRDF

Acreage Holdings, Inc. is a vertically integrated, multi-state operator in the United States cannabis industry. The Company’s operations include cultivating and processing cannabis plants, manufacturing branded consumer products, distributing cannabis flower and manufactured products, and retailing dosable cannabis products to consumers. It is offering a range of products from its flagship brand, The Botanist, for adult-use sales in New Jersey. It has also launched Botanist Vape Cartridges and Disposables in Illinois, as well as Superflux Cured Concentrates. Its brand also includes Prime Wellness. It owns and operates eight cultivation and processing facilities, one each in Illinois, Maine, New Jersey, New York, Ohio, and Pennsylvania, respectively, and two in Massachusetts. The Company also owns 23 operational dispensaries in seven states. Its subsidiary, Universal Hemp, LLC, distributes, markets, and sells cannabidiol products.


CSE:ACRG.A.U - Post by User

Post by geodcanon Oct 04, 2020 1:07am
416 Views
Post# 31663991

Trading volume is so minimal

Trading volume is so minimalthat this could do anything as far as volatility.  Management isn't informing shareholders about wtf is going on and got the sheeples dumping shares.  For the floating shares to get hammered this badly as this deal moves forward doesn' make sense other than investors are migrating to Canopy as being the more trustworthy investment.  The old Acreage management grabbed the money and put it into shareholders pockets initially, probably because it was becoming evident that they overpaid for assets and that would help to pacify the first string of investors.  The second Canopy Acreage deal ensured that the payment by Canopy to Acreage went to shareholders of record and not as renumeration to management.  I am going to sit tight as this sorts itself out and pray for a triggering event to happen which imho will  solidify the deal for Canopy to swap out shares of Acreage for Canopy.  My crystal ball tells me that the shareprice of Canopy will jump up to old highs and Acreage shares will become more valuable than what the market is giving them now.  Acreage is destined to be Canopy times 10 just for the size of the US market and the deal to deal that is going to happen.  Canopy has skus and will pick from Acreage's skus too and if that isn't enough, they will buy successful brands, recipes and IP.  Their focus is on beverages which might be the Constellation effect which makes sense for rapid turnover and high profit margins and a nicer ingestion method than smoking.  There is a big picture plan for this trifecta of companies that is going to take some time and a triggering event to bring it all together.  jmho, glta and dyodd
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