OTCQX:ACRGF - Post by User
Post by
geodcanon Aug 31, 2020 5:39pm
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Post# 31481237
A triggering event that launches
A triggering event that launchesthe US greenrush will be the shot heard around the world and will re-ignite the fervor of the Canadian announcement and legalization. Investors have learned from the Canadian investment experience and will approach US investments with more caution but the US greenrush has ten times the potential of the Canadian legalization. There will be a more fundamentals approach like that used by accountants but there will also be a herd mentality that rushes forward with irrational exuberance. I don't see shareprices getting to 200 baggers but 10 baggers are a real prospect. Acreage is quietly positioning itself to be profitable and has Canopy's backing. Judging from the activety on chat lines and investment boards, investors seem to have written this off or mostly forgotten about the reason for Acreage in the first place. Either that or they are so pizzed with the way this was run and the decimation to the shareprice that they won't touch it with a 10 foot pole. The changes since shareholers and management tanked it have all been good. They are making the vessel seaworthy again and getting it ready for the new captain Canopy to take it over, when we get a triggering signal or a clear direction that the US is all in for a greenrush. The US can't ignore the potential of the tax revenue this will generate but have to pay attention to the providers of the tax revenue that they are already receiving from Big Alcohol and Big Pharma. They also can't continue to ignore the voting electorate. I will take a shot and put a number on Canopy's sp when we get a triggering event and I can see it flirting with its old highs of about $60 US. Acreage got trounced worse than Canopy imho and has had almost no push from management to stimulate the sp. Acreage is doing the right things to lean it out and make it profitable but it is a time thing. I don't think there is enough time to get it back to its former glory before the US greenrush happens. Not many investors are even looking at Acreage because of its track record and there are a lot of other great potential investments out there that might show more sp appreciation. The US investors are fairly proprietary and heavily support US business so they might not like that Canopy has the US in the crosshairs although there are millions of shares of Canopy traded on the NYSE on a daily basis. Canopy is one of the leaders if not the leader and the US is essential to remaining a leader. The way I see it, forgotten Acreage is the US connection and if you want some cheap Canopy shares, study up on the deal and invest now in Acreage and you will have some when Canopy assumes Acreage. I do think Acreage will gain shareprice as we approach a triggering event and even more if we move quickly towards profitability. It's your money so dyodd and invest wisely. I see a deal here at these prices but dependant on events. glta