RE:ACB $8.47*3.575 = $30.28 LEAFIf I remember correctly, I believe the arbitrage discount on CMED lasted right through until just the week before the actual takeover. So, we probably still have a long ways to go before this discount starts to dwindle back down.
I don't believe we even have a tentative date for this proposed takeover yet, as they still have to go through the shareholder voting first.
Not sure about the Canopy NYSE listing impact for some of these other big weed stocks. Normally, I would expect them to follow Canopy's lead, but I m also starting to think that some of them might decide to jump off and take their profits now before boarding the Canopy bus for some faster and bigger gains short term. Hmmm.....
MartialArts wrote:
Enjoy the $5 discount on LEAF while it lasts. The same thing happened with CMED until CMED caught up to the linked prices via the ratio.
With Canopy listing on the NYSE tomorrow, the sector will get a lot of new investors.
ACB will follow suit shortly.