Bought ACB in the $6 range this morning via LEAF
Buying LEAF in the $24s or low $25s is a very easy decision. The same type of arbitrage happened on the CMED takeover and those of us who leveraged it did very well. I know GT looked at the math and sold ACB to move to CMED to get bonus shares. While others were complaining to be a ACB sellout, he made the smart move.
Remember 1 LEAF = 3.575 ACB shares after conversion. This is an all-share transaction so unlike CMED which had the uncertainty of the partial cash portion, there is no uncertainty here.
Worst case is someone with more valuation shares comes in for an offer. Canopy could offer 1 WEED = 1 LEAF and that would be in the high $30s (even with break up penalties).
Happy trading and investing everyone!