RE:RE:RE:RE:How did people’s Canadian holding convert? Thanks for replying Dave and sharing your experience in the market. I wasn't satisfied with the explanation I first got from TD and called back again and spoke with another licensed advisor who gave me a better explanation. She confirmed the cost of $19.40CDN and explained that the unrealized gains from the APHA shares still exists and would be realized if the shares were sold under TLRY. She said they basically inflated the average cost and opined it was likely for tax purposes. The average cost on TLRY is higher but we acquired their shares at that cost without laying out any more cash. My holdings in my TFSA are not subject to tax and those in the RIF only when withdrawn. So if I subsequently sold the TLRY shares, my gains would be the difference between what I had in unrealized gains on APHA prior to the merger and whatever gain or loss on TLRY exists at time of sale. That seems to jibe with what you are saying about saving on taxes if your holdings are in an unregistered account. Guess I have to come up with a new spreadsheet to track TLRY!
My sister-in-law trades with Scotiabank and they told her that the merger "just completed" and it would take 3-5 business days to reflect her average costs. Their platform is very different from TD's. They are not showing any average cost for the TLRY shares, yet show a book cost.
Today was a good one for us and looks likely to continue on that path. I watched Power Lunch today and Owen Bennett, an analyst from Jefferies raised his target price from $4.77 to $23. He had a lot of good things to say, including projecting an average yearly sales growth of 33%, from 2021-2023. Disclaimer - he is/was an advisor on the merger. The gain in their share price today is being attributed to his double upgrade.
Enjoy your steak and continued success to you in the markets.