I am seeing an opportunity, not an if!I have talked with knowledgeable and invested people with Canopy Growth and there is very little said about the deal to deal with Acreage Holdings. Some, bless their ignorance, don't even understand that a deal exists.
Canopy Growth is an unbrella marijuana company that built themselves with acquisitions to the mega unicorn company that they are now. Jmho but they really were the forerunners of the greenrush. Management had a vision of a tail to snout International marijuana and hemp company because they saw a huge opportunity. They pulled together some like minded investors and built into 12 different countries and have the US in their crosshairs as being the big enchilada. They need what the US is promising for potential to secure their company as the International dominator and leader.
The Canopy/Acreage deal was struck then had to be revisited as investors tarnished it in favour of shinier investments. What they came up with was complicated and worth much less to the first run of investors who liked the Acreage deal enough to invest in it. Wild swings have been the norm since the good old high evaluation days, not for the faint of heart or weak hands.
Canopy still has lustre and are in a much better position now as the legislators and greenrush hopefuls work to find middle ground to allow success to a newly legal vice being experimented with, cautiously.
The new takeover deal for Canopy to assume the fixed shares of Acreage is subject to Canopy being comfortable with the legislation by the US to be revamped to non-criminal. When Canopy feels secure enough they will trigger an event to swap 3 Acreage fixed shares worth $6 ish each today for Canopy shares worth $35 for something that Canopy needs for rapid establishment of their tail to snout world leading marijuana and hemp company. If these companies remain relative pricewise, this is a sweet deal to get some Canopy CGC shares which will be in short supply when the US launches their greenrush. There is huge political pressure on for the Democrats to deliver such legislation as their greenrush builds through all of the legalities allowed for pharma use and rec for adult use.
My crystal ball is telling me that Hemp cannabinoids might be the bread and butter because of the amount of people using it for aches and pains, sleep and anxiety. Canopy is strategically positioned through Acreage with their huge MSO footprint and most of the moving parts that Canopy is going to require. Canopy themselves are proactively building their brands through US companies with whom they are doing deals with to remain once-removed from touching the product so as not to irk the US Feds to action. The well established potpreurs are hanging their trust on State law to be the regulators and do their own thing without hinderance or repercussions from the old Fed legislation. So far, I haven't heard of any fractures to that deal but it needs written policy to really launch the US greenrush.
I think Canopy speaks for itself because it built itself from a dollar or two to almost 17 billion dollars worth of marketcap and they are not sitting on their hands with respect to the US market. They have full intentions of maintaining their leadership, so check out the opportunity that I see, that most are choosing to ignore.
Acreage also has floating shares that have one more delay built into their deal. They are $3 range and I personally believe they will be in just as much demand and close the gap between the fixed and floating shares when Canopy makes their move to hang their shingle with their name on it in the US.
I sold most of my Canopy and invested in the Acreage deal to refill my coffers. Just need the Democrats to deliver some security for the greenrush investors in the US for the launch of the biggest greenrush the world is going to see. glta and dyodd