RE:RE:RE:RE:Well done for holding longs!Unless you see some sort of execution risk (I don't) why would the price go up in the next 30 days?
Anyways it's not a huge deal at the end of the day and certainly wont impact the run to $40 here imo. I just would have done it differently personally unless some other LP was trying to scoop the rest of BC TWeed from under Canopy's nose.
WeedTheNorth wrote: Buck, what price do you think they would ask when the rest of the greenhouse is built and certified? I’m guessing the grower couldnt handle the cash need to cover the rest of the build out and the time was now. With a certified grow in place they could have probably borrowed easily and kept their 1 million sq ft.
Buckshot26 wrote: The only thing I find confusing is that if you believe as I do that the combo of the NYSE listing and June 7th vote takes up back over $40, why not wait one month to do the all share deal for the rest of BC Tweed. Other than that, Bruce has proven yet again that he is the best CEO in the space imo anyway.
TimMcCracken wrote: Bwayne420 wrote: This is huge and the time line could not be better. Week done to CGC and to all the longs who ignored so many bashers!!
I think my favourite news line today is that Canopy DID NOT pay $3.2 billion or have to issue 107,000,000 million shares to acquire Leaf.
Or maybe my favourite is the listing on the New York Stock exchange, wow ... that is so Bruce ... many on here will remember the piddley days on the TSX venture.
NYSE is the largest capitalized exchange in the world ... it has a capitalization of $19.2 trillion.
Nasdaq is number 2 in the world with $6.8 trillion.
Still in shock that ACB did this. I think it works out to about 389,000,000 +/- new shares of Monopoly money they need to add. I can’t even come up with any numbers because I don’t even know how many existing shares they have outstanding.
Congrats to all the long battles tested CGC shareholders with the discipline and conviction to hang onto what they believe in.