Canopy Growth Corp T.WEED

RE:RE:RE:RE:RE:RE:10 million shares traded on Friday

[Homestretch4me]

There are about half a dozen triggering events and states rights is the holy grail for large financially backed companies like Canopy but you keep sticking your head in the sand.

Rotaluceps wrote:

Homestretch4me wrote: Actually you are wrong on both points you make. First of all, Canopy does not own any Acreage shares. Canopy owns the right to acquire some or all of the outstanding shares of acreage if a triggering event happens or if Canopy waives the triggering event. Secondly, Canopy must consummate the contract if a triggering event happens, there is no option if a triggering event happens they must fulfill their contractual obligations. Canopy is locked into this deal for 10 years and the only way things can change is if Acreage has to go to Canopy fir more money and Canopy squeezes them into a better deal again. This is not very likely as it appears that Acreage will be EBITDA positive in 2021. Thirdly, there are clauses in the contract that protect Acreage from Canopy purchasing ir partnering with another MSO.

So three swings and three strikes for you. You're out.

There is one triggering event and this is the FED legalisation. I am aware about the Acreage deal and you are right. I didn't read into this for several months, and it was a big brainfarting. I am involved in many MJ companies and WEED was also one of them. I have many things to reminder and check, and I am working. I just sold lately, and about half each of my remaining companies. Also the industries got their lesson, and they will be very careful how they spend their money. I will post a link of an interesting article, I read.