Canopy Growth Corp T.WEED

Alternate Symbol(s): T.WEED.DB | CGC

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.

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Canopy Growth Corp > CGC: CFRA and BofA with $75PT + BUY / STRONG BUY

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Comment by WestCoast78on Feb 13, 2021 9:24pm

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Post# 32563532

RE:RE:RE:RE:RE:RE:RE:RE:CGC: CFRA and BofA with $75PT + BUY / STRONG BUY

Antime. To touch on Homey said. Its very easy to move the needle. I spent a comically long time converting what I wanted to. Its so low volume I found the easiest was just to look at level 2, and the bots always have a little cluster within 5 or 10 cents. I would take out that cluster, and wait, lol, until they offered another one.

TinToronto wrote: Great! Thank you both.

Homestretch4me wrote: Hey Tin, You are correct. Your original Acreage shares were converted into 2 types of shares.

Floating shares 30%
Fixed shares 70%

The fixed shares are the ones that will be converted to Canopy shares when a triggering event happens. Canopy has no options on these shares, they are obligated to aquire these. I can't remember the exact conversion but I think it is .3058 of a canopy share for one acreage share. Almost a double at today's prices.

The floating shares are not tied to the canopy shares but Canopy has the option to aquire these based on 5 day avg. Sock Price.

I have no idea how the floating shares will perform so I sold all my floating shares over the course of a couple of weeks and took a larger position in the fixed shares.

Volume on Acreage is very low so anyone acquiring a position should be very strategic in doing so to avoid paying more than they should.

Best of luck to you Tin

TinToronto wrote: I have a question about Acreage shares , I should know this but sadly I don't I picked up shares of Acreage a couple of years ago and have been sitting on them for some time now. I just noticed I now hold two groups of Acgreage A and B. What's the different as they seem to now be split 70/30. Obviously, I'm holding them until they convert to Canopy shares, but want to purchase some for my moms TFSA and not sure which I should be buying. Thanks for any info you can offer.

Kiluminati1984 wrote:
I'm in the same boat. I sold half my CGC shares over the course of the last month and a half and scooped up ACRHF, now back to my original count when it's triggered. Klein mentioned not ruling out acreage acquiring other MSO as well...if/when that happens we'd likely see a bump too