RE:RE:RE:Congrats toThats accurate. Pure speculation here, but DK did mention that canopy would be ok with acreage doing " somesort" of deal. Look at what gtii did again today to raise 56M. The Mso's in genral, and acreage being rather cash strapped, makes sense to strike while funding is difficult for the rest of the mso's. Even if it's for acreage to start to build out their current assets/ licenses.
Homestretch4me wrote: Remember that the acreage deal will be a stick swap once the triggering event happens.
The acreage aquisition price at canopy's price today is about 1 billion.
To acquire all outstanding Terrascend shares is about 1.1 billion at today's prices.
Add them together and you get about 2 billion at today's prices.
I don't think this means Constellation won't exercise their warrants in the near future. It looks to me like Canopy wants to make sure it can immediately hit the ground running in the #1 spot.
This is just my own humble opinion.
WestCoast78 wrote: Well well well. Racked my brain on that very abrupt reversal today. Canopy will be lending acreage cash....TBA where it goes. Tier 2 mso or a few tier 3 mso's. Market got tipped off and know's where the cash is going....
Just my 2 cents
Homestretch4me wrote:
any fellow longs that are also playing Canopy Growth through Acreage. Very good day today. Don't know if it will hold but encouraging nonetheless.