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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Healthcare Cannabis
Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.


TSX:WEED - Post by User

Canopy Growth Corp > Anyone explain why Acreage is not jumping?
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Comment by Arrrrgthisbiteson Jan 28, 2021 5:40am
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Post# 32407008

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Anyone explain why Acreage is not jumping?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Anyone explain why Acreage is not jumping?

There are only 12.4 million Floating Shares. Canopy has the right to purchase after a triggering event based on the thirty day average. If they choose not to purchase then the shares can stay on the exchange. I dunno but this seems too good to be true considering how many shares of Weed there is and the current price. 

I wonder just how fast those floaters can hit $100 us.  

It looks too good to be true - am I thinking this correct?

"Acreage will be permitted to issue up to 32,700,000 Shares, comprised of up to 12,400,000 Floating Shares (including 3,700,000 Floating Shares for share-based incentive compensation) and up to 20,300,000 Fixed Shares."

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