RE:RE:RE:Stock Halted = Really Good or Really Bad?No, not necessarily. Canopy would halt their stock and then send a formal offer to the company they hope to acquire. That company may not even be expecting the offer or may not properly receive the offer until hours later.
The fact that we haven't heard anything yet puts me at 50/50 on M&A vs the BC License. I still don't see why you would halt on that License after mkt close on a Friday before a long weekend but I have a lot of feelers out and nothing has come back yet re M&A.
Exciting but a head scratcher.
Peyton wrote: Buckshot.... If this was M & A would there not be another stock halted as well. As far as I know, there are no other stocks with a trading halt.
Buckshot26 wrote: It can't be bad . If it was bad they wouldn't have waited until the close to halt it. Something materially bad has to be disclosed in a timely manner. Someone could sue that bought share at 3:50pm today and took a loss if the stock opened lower Tuesday. Likely can't be an offer to buy them either as once again you leave your self open to litigation to anyone who sold late in the day if you purposely sat on material news. Could be the BC license as it appears it was announced late in the day, at least publicly (Not sure when Canopy was told). But on a Friday before a long weekend seems extreme for that though the opening of the largest facility of its kind in the world is a big deal. So I rate that as my second guess :) But my best guess is given that M&A is particularly popular on long weekends my bet is they are acquiring someone or thing and likely sent that company an offer at the close. Fun to speculate, hopefully we find out sooner than later.
Davulao wrote: So i've never been in a stock thats been "halted" before. Maybe one of you experienced fellows can clarify for me. What we can expect is substantial news (before Tuesday) thats going to drive the stock way up or down? Should we be nervous?