Acreage Holdings ACRGF

Still busy

[geodcan]

Acreage is still busy taking care of business by adding critical pieces, this time with New Jersey assets.  This has got to be one of the best kept secrets around for the significance of it and the weight it carries overall for Canopy and Constellation.  These investors are putting together all the parts they need for being a world leader of cannabinoids, tail to snout, everything anybody could want with a huge dependance on the US being a part of it.  Linton had the vision and left the business in great shape despite Constellation bytchin' about the losses.  Every new company loses money while they put it together and the legal quagmire of legislation by multi-levels of government hasn't slowed progress to the objective.  Not so very long ago Constellation shook up the greenrush by plunking down 5 billion dollars for Canopy and Canopy committed over 3 billion for Acreage after plunking down about 300 million as a down payment on the deal that will happen when the laws get sorted out.  Acreage issued a one time dividend almost equal to the recent lows of the stock which might be self serving rewarding first comers or maybe they don't need the cash.
At any rate they are still building Acreage for success which could happen on its own or as a part of a Constellation/Canopy trifecta.  
The big money maker/managers know what they are doing and they didn't do this deal to lose money.  I'm sure they are working the angles to make this whole thing successful and profitable and doing it on the quiet, it seems.  glta and dyodd