RE:Just a reminderDo some more research for crying out loud. Canopy can not walk away from the deal unless Acreage breaks some of the covenants in the contract. When a triggering event happens or at Canopy's sole discretion without a triggering event they must consummate the contract for the fixed shares. The term of the latest contract is 10 years. The only shares Canopy can decide not to purchase are the floating shares. There is no walking away from the deal......period. For a guy that pumps Acreage every single day, you don't know SFA about Acreage.
geodcan wrote: don't forget about Canopy Growth USA aka Acreage Holdings. Subject to a triggering event, about $13 worth of Acreage will get you a $37 share of Canopy when Canopy jumps in to the US with both feet. It is pretty clear to me that they already have one foot on US soil already in anticipation of something more definitive by way of legislation or some such, possibly a banking act to allow marijuana loans and investments. I can't believe that this is flying under investor's radar! Dang near a triple for a trigger and a segway to get into Canopy shares via Acreage fixed shares at todays prices. Of course Canopy could walk away from their deal with Acreage and hunt down another US MSO but I can't see them revisiting and redoing the deal if they didn't need what Acreage brings to the table for their US launch announcement. I'm pretty confident that Acreage is Canopy USA in the making and by my calculations it is on sale right now. It is also my opinion that we ain't seen nothing yet! There is a ton of US buying of Canopy shares so I'm thinking that those investors are thinking that we are getting a triggering event and they are fearless of any Fed repercussions. I also don't think the amount of short shares of Canopy has even come into play yet. I can see Canopy hitting old highs or higher than old highs and could even do a Tilray that saw $150 shares getting $300 to cover shorts. Everything is trending towards the US descheduling marijuana at the Federal level which will launch more amalgamations of US listed and Canadian listed companies to rapidly build the US greenrush. Acreage Holdings has an inked deal for that event that is worth a look if you are considering Canopy as an investment. glta and dyodd
ps. Somebody mentioned Cannabix C.BLO, thc breathalyzer hopeful. Not sure where it came from but it has got good legs this am too.