RE:RE:RE:RE:RE:ACRG rumourThere actually is a way for Acreage to axe the deal. I'm not sure under what circumstances they can cancel the deal as no specifics were given. I do know that if Acreage does end up terminating the deal according to the terms of the deal they will have to pay $100,000,000 US to Canopy.
There is nothing built into the deal that allows Canopy to walk away or cancel the deal. If there is a triggering event like states rights or any other form of federal permissability then Canopy according to the deal is committed to executing the deal. As a matter of fact, there is a section in the deal that gives Canopy the right to trigger the deal without federal permissability if Canopy so chooses.
Read the deal.......educate yourself before you try talking about it and sound foolish.
WeedTheNorth wrote: I read the release and there is no mention of a break up price, they already got 300 million up front, that likely negates the need for that. It's a great deal for acerage holders not canopy ones. I don't think they will have any problem cancelling it and they don't need help expanding into the US, they are already there with Biosteel, Firstandfree and constellation. I don't support worse money after bad.