RE:RE:RE:RE:RE:fakeHipForLife wrote: If you want to get back in, buy the warrants (ACB.WT), they are undervalued compared to current price of ACB.
The warrants don't expire until NOV 2, 2020, and the strike price to convert to 1 common share is only 4$. A warrant gives you the right to get 1 common share of the company for 1 warrant+the strike price, at any point in time before the expiry date. So if you believe ACB will go to 20$ before 2020, the math would on the warrant would be:
20$- 4$ strike price+ time value (you get an additional premium when selling on the open market since there is still time left in the contract for the SP to go higher), so that means if ACB is at 20$ the warrant would be at least 16$. When you add time value it would probably be trading closer to 18$ though. They are only 7$ right now so they will have much better gains as the price of ACB increases. I think anything under 10$ will be a great price by friday...but for today I'd say below 8$ is a steal (high was 8.26 yesterday).
Constellation gave WEED a $25 billion valuation in their last investment. Right now ACB has a market cap of just over $8 billion and now they could be working with Coca-Cola.....A $200 billion powerhouse company, which is backed by Warren Buffet. If this deal goes through, ACB will become bigger than WEED. that means the SP is likely to triple by the expiry date of these warrants!!
Do the math for yourself, using an options calculator...A warrant provides leverage, and when you are in a bull market, the more leverage the better!! Hip warrants are also undervalued if interested.
GLTA, HOLD
giving this a try.
sold 100 canopy
bought 900 acb warrants with change to spare