CSE:ACRG.B.U - Post by User
Comment by
lou444on Jan 22, 2021 8:02am
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Post# 32357556
RE:Acreage fixed
RE:Acreage fixedThe floaters D shares will start to recover when the company's earnings come in and a certain growth path is established. That is certainly the main challenge for the new CEO. Previous management had an M&A focus and never tried to shore up the Company's finances eg $300 million dividend paid to shareholders. Also there is always the risk of dilution that can put a temporary damper on the Ds. But I agree if Acreage does well in the short to medium term the Ds will be acquired by Canopy in accordance the current deal at set price of $6.41(or higher depending on market conditions)