OTCQX:ACRGF - Post by User
Comment by
geodcanon Jul 31, 2020 3:33pm
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Post# 31351656
RE:Floating shares?
RE:Floating shares?Floating shares are just a distraction to confuse you about Canopy queering the original deal for a better deal. They figured out that they paid too much at the time the first deal was struck and had the option of letting it wither on the vine or renegotiate it, which is what they did. It means that Canopy is doing whatever it takes to keep the deal to get control of those assets that Acreage has and Canopy wants and needs. There may be something in the floating shares for existing shareholders in Acreage or if Canopy hits its old highs or higher the 30% deal might make us whole or even put some money in our pockets. Keep in mind that the mindset of ACreage original management was to take the 300 million that Canopy paid and dividended it out which was a bonus for shareholders of Acreage at the time but proved to be a bad business move as they needed to raise money because the return on investment didn't happen as quickly as they wanted. I think that the deal to deal for Canopy to assume Acreage is solider than ever now and doubt that they would get away with another screwing over of Acreage shareholders. Canopy knows that getting product on shelves is going to be the salvation of these companies and have intentions of beverages starting with cbd bevvies and thc when we get a triggering event. The floating shares are dependant on how the companies do overall in generating revenue and revenues across the solid greenrush companies are starting to lean towards profitability. What we need is great products that are competitive and consumers will buy repeatedly. Pressure is mounting to trigger the US greenrush as the election approaches. Trump needs an ace in the hole and it would be a smart political move to get this done before the election, then he can claim it, instead of the democrats. It is also a growing industry while others are suffering from covid effects. Goldrushes and greenrushes are my best guesses.