RE:AcreageAcreage Holdings is going relatively ignored by investors, almost like it doesn't exist.
I'll explain one more time that Acreage is the chosen one for Canopy Growth USA when we get a "triggering event". That would be in the form of decriminalization at the Federal level in the US for a lot of outsiders.
American born potpreneurs are running with the ball building their companies through all the niches that they have figured out like pharma use, adult rec use where allowed and they are doing a good job taking advantage of the first strike ability by disregarding the Federal potential for being charged with selling a restricted product.
Canadian companies aren't willing to put it all on the line but are doing their own form of navigating the Federal rules for establishing US cannabinoid businesses.
Canopy Growth has inked a deal with Acreage Holdings, leading US MSO for rapid establishment of marijuana and hemp businesses by doing a reverse take-over for Acreage which has licenses to operate in multiple states, storefronts, grows and processing, all legal under Acreage's banner and once removed from Canopy until the trigger gets pulled.
Canopy has taken a beatdown along with most of the major players but they aren't waiting around to react to this event, they are proactive with this deal and have already paid some $30 million to ink this deal.
The rest of the deal is share swaps for the fixed shares and same or dollar deal for the floating shares.
Most investors are ignoring this deal like it is a farce but it is a real deal to protect Canopy and their shareholders from a stupid Fed law on the books from decades ago.
Acreage is running its own show with Canopy looking on and maybe encouraging like minded thinking to synergize both companies for their eventual marriage.
Acreage Holdings is going to be Canopy Growth USA, world leading marijuana and hemp innovator, flush with a couple of billion dollars to pull this off and very capable management who are taking the profit fundamental to heart to turn this into a moneymaker and it is going to take that huge American market to do so.
They are already doing branding deals to get their cannabinoid infused beverages onto US shelves while being careful to keep this once removed such that the don't violate any US Fed laws pertaining to marijuana in the States.
As the previous posters have mentioned Acreage Holdings is on sale considering the 1 for 3 deal that will happen where you get one Canopy share for 3 Acreage Holdings fixed shares.
When such trigger happens, Canopy will regain value and the respect of US investors. I believe that it will hit old highs or better and those Canopy shares will be in short supply as investors rush in to buy into Canopy World leading marijuana and hemp co. About $6.50 worth of shares of Acreage (today's shareprice) will get you one share of Canopy Growth worth $16 ish at todays shareprice.
This is a very unique deal inked for a very unique takeover and it is real. Shareholders interested in Canopy owe it to themselves to look at the particulars at Acreage's homepage.
Smart deal by a proactive management and on sale now!!!
glta and dyodd