CSE:ACRG.A.U - Post by User
Post by
geodcanon Feb 23, 2021 4:04pm
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Post# 32639362
Good thing or ???
Good thing or ???Leibowitz was there since the ipo to take Acreage public. Shareprice hasn't done very well since those ipo days. Enter Goertz with a lot on his resume, maybe too much. More questions than answers in my mind. Goertz is a complex business finance expert. Personally I think this Acreage Canopy deal is complex enough and needs some clarification.
I invested early and hindsight is telling me I paid way too much which was proven by the way they split this into fixed and floating shares. When this all comes together, if it all comes together, I think at a current investment in Acreage fixed that shareholders that invested into ACRGF will do allright. Those floating shares come under the heading of complex business finance. When Canopy takes the reigns of Acreage and assumes 70% of those shares, commonsense tells me that the floating shares should get equal in value at a minimum but then there is a lag factor that might knock down the value a bit, or Canopy shares will be in short supply as US investors rush in and Canopy could, if they want, buy those floating shares or do a share swap similar to what is expected for the fixed.
Caldini seems to be a high powered name with some serious credentials but is silently sliding in the side door. I was really hoping for some fireworks and energy with his arrival and a clear and concise plan wouldn't hurt either.
Clearly, investors in marijuana and hemp prospects are all waiting in anticipation for a triggering event that will clarify and launch a Federal change to accept the inevitable which is Countrywide acceptance and laws to make it happen. All of the MSOs and Canadian LPs are banking heavily on US politicians to put in place, legislation that conforms to the will of the voters. The effects of this event are far reaching and complex but still the right thing to do. The MORE act to get caught pot users out of jail is going to pizz off that big business of providing incarceration for dollars. The SAFE Act will free up normal business tools like banking and loans, brokering and owning shares of potpreneurs that touch the product. With any luck, some of the new proposals to deschedule the harshness out of the current Fed laws preventing a full launch of the great American greenrush, will all get dealt with together such that the US does something very unusual for politicians and clear up all of the obstacles at once, in a legislative package that will allow marijuana and hemp companies to build their businesses, in a practical and commonsense way.
Acreage management needs to start 'splaining what is going on here and now in the Acreage camp and where we are going with this company. To Goertz: investors here don't need complex, we need clarity and forward movement. We also need management that puts shareholders interest first! glta and dyodd