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Acreage Holdings Inc C.ACRG.A.U

Alternate Symbol(s):  ACRHF | ACRDF | C.ACRG.B.U

Acreage Holdings, Inc. is a vertically integrated, multi-state operator in the United States cannabis industry. The Company’s operations include cultivating and processing cannabis plants, manufacturing branded consumer products, distributing cannabis flower and manufactured products, and retailing dosable cannabis products to consumers. It is offering a range of products from its flagship brand, The Botanist, for adult-use sales in New Jersey. It has also launched Botanist Vape Cartridges and Disposables in Illinois, as well as Superflux Cured Concentrates. Its brand also includes Prime Wellness. It owns and operates eight cultivation and processing facilities, one each in Illinois, Maine, New Jersey, New York, Ohio, and Pennsylvania, respectively, and two in Massachusetts. The Company also owns 23 operational dispensaries in seven states. Its subsidiary, Universal Hemp, LLC, distributes, markets, and sells cannabidiol products.


CSE:ACRG.A.U - Post by User

Post by geodcanon Dec 13, 2020 6:57pm
173 Views
Post# 32096720

Rotaluseps

RotalusepsI am painfully aware of the lack of interest in Acreage stock and at a loss to understand why for all the reasons I have bought up in my postings.  Acreage was rapidly put together at expensive times and probably paid too much for assets.  It took a serious correction as did the competition.  Canopy chose it as their segway into a US MSO for the day they feel the legal hurdles will not be an issue or detrimental to Canopy.  Canopy's actions are speaking loudly and clearly to me that they are pushing hard for profitability by leaning out their operations which means dumping assets and personel that aren't leaning hard enough towards that objective and even a re-do of the deal with Acreage which isn't as lucrative for Acreage investors that it originally was.  Acreage has corrected harder than most and investors are spurning it while other US MSOs seem to be gaining.  Then Canopy seems to showing great interest in Terrascend and backing them with financing when they are taking losses and writedowns in other assets.  It is very clear to me that the focus of Canopy is growing for the US market and they are even making significant moves through branding deals to get their products on American shelves.  I suspect they are putting more confidence in the protection of State law which basically allows legal cannabinoid investment in States that are pro-pot.  A triggering event that would clear up any concerns about asset seizure and criminal charges for the first brave investors that see legalization in the near future would be welcomed and still necessary before Canopy puts a Canopy label on any products for the US market but their intentions are very clear.  Acreage and Terrascend have had a lot of Canopy money invested in them as has that huge facility in NY which is a very progressive move done by management leaders in anticipation of having it ready to go asap when needed.  I see money to be made with an investment in Acreage fixed shares when a triggering event happens if shareprices stay relevant.  I also see a huge rise in Canopy shares when we get a triggering event which I feel strongly is going to happen because the majority of US voters want it.  That is just my take on where this is going and I invested at a lot higher entry point that I thought was reasonable at the time.  What is happening to Acreage stock seems to be overdone to the downside considering Canopy needs an Acreage and what they bring to the equation.  Canopy has inked a deal to be a 70% owner of Acreage when the laws line up which will put them in the drivers seat.  Hundreds of millions of dollars have gone towards their deal and now it is just paper shares for paper shares at about 3 Acreage fixed will get you 1 Canopy.  If you do the math you can decide for yourself and keep in mind that Canopy can walk anytime which I don't see happening.  They also have lots of financial backing and money in the bank which a lot of other potpreneurs don't.  Constellation isn't an angel but a company that is proactively doing something because they see the future being very different and their hardcore entrepreneurs saw an investment and are going to take care of said investment.  jmho and would love to hear others take on this.  glta and dyodd
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