CSE:ACRG.A.U - Post by User
Comment by
Quietinvestoron Jan 18, 2021 8:00pm
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Post# 32323235
RE:RE:RE:Floating shares
RE:RE:RE:Floating shares IMHO the SP of the ACR fixed shares is movng up based of the comments by CEO Canopy that he expects to be in the US in 21 and to purchase ACREAGE fixed shares and take full control of TERRASCEND, as well as US politics.
I do not believe the ACR fixed SP is moving up on company fundamentals.In that respect, believe we need another solid quarter to provide some "real support" to the SP.
On the other hand, if you look at the SP of TERRASCEND, it has moved from about 3 to 17$ last and this year year based on strong company fundamentals. In that respect, will be interesting to see what TERRASCEND shareholders receive for their shares because CANOPY will want to keep the share number down, which is one of the reasons it reorganized the split with ACREAGE and only committed to buying fixed shares at this time.
All that to say that, IMHO once ACREAGE has reported another solid quarter, the SP of fixed shares will follow the WEED SP in a .305 ratio, which would be about between 9-10$US SP today.
However, who knew that in about a month you could have a 120% gain on a stock without any material change in the stock itself. Not complaining, but hard to fugure out from a technical point of view.
GLTA