if anyone invests in other MJ companies... heres my play as many of you know im long hexo although somedays im down on the stock. ive invested 40k shares hoping this company will prevail as a top 3 leader in cad market
another play that ive decided to get into which i forsee being a good investment.
Canopy growth but not canopy growth "wtf are you talking about dan?"
well canopy as we know is the leader in the cad market and is sitting on a lot of cash. we know about the struggles and losses in valuation which like the entire secore has sent it tumbling.
its rebounding now. what if i were to tell you you could get Canopy for half the price?
well you can. canopy signed a deal with acrege holdings in the USA to buy the copany which has a big foorprint in the US market at the moment.
after recent renegotiations canopy will be taking over acrege once MJ becomes legal in the US. they will be giving Acrege shareholders .3 ish percent of canopy stock fo every share.
it sits at $3 right now and canopy is around $20 which would mean acrege is worth roughly $6 per share if US were to legalize weed today . the deal runs for 10 years . its a matter of when they decriminalize not if .
just something to look into my friends