Interesting fact Acreage Holdings which is Canopy's choicefor US launch is flirting with Unicorn (one billion dollar) status for both the floating and fixed shares. Not bad, considering that they distributed by special dividends $330 million to shareholders of record. The price fluctuations have taken some of the edge off the pending deal as the spread has closed from when I first tried to spark interest in the value that was there. It seems that the Democrats have bigger fish to fry than descheduling marijuana and I have noticed that recent bills have dropped that in favour of $15 per hour minimum wage. There are lobbyists working to bring a triggering event to the forefront for Senate approval and investors want it sooner than later but there is a lot of work to be done to get it right.
At today's sp about $20 of Acreage fixed will get you $31 worth of Canopy with a triggering event and a follow through by Canopy. That is subject to change or the remote possibility that Canopy would walk from the deal. glta and dyodd