Post by
geodcan on Apr 15, 2023 6:26pm
The shareprice of both classes of
Acreage stock are intrinsically woven with the downtrodden price of Canopy, at least for any upside.
Downside, I am not so sure! I guess that depends on how pizzed off shareholders of Acreage get with the shenanigans that has gone on by the marketmakers that destroyed the value of Acreage.
I think Murphy and his investment cronies have a lot to do with it and I am still curious about the $50 million that was mentioned to secure the votes of the floating Acreage shareholders.
I own a considerable amount of those floating shares that I got by default due to my ownership of the original sharefloat of Acreage prior to the split.
To me that was just one more opportunity for the guys at the top of the foodchain to manipulate the value out of this at every opportunity.
The sooner Acreage shares become Canopy shares the better and I am all for the new issue of CGC USA where this complicated deal should come together and first in shareholders should be able to recoup some of their losses on sharevalue.
I guess that all depends on the integrity of the major shareholder who will be Constellation STZ.
Will the new issue shareholders be treated like they treat their STZ shareholders with dividends and such.
Should be doable in a reasonable time because the new Canopy is going to be a formidable force in the US and their should be considerable cost savings for duplication of services being dealt with.
glta and dyodd