TodayPotpreneurs are getting a little right-sizing by investors. Good ship Canopy takes a little longer than most these days as we wait for the US greenrush to take root politically.
Interestingly, investors are seeing value and showing interest in Acreage today as it is one of the few that upticked. About 10% last I looked!
Acreage is one of the leading US MSOs and the one chosen by Canopy for rapid infiltration to the US.
It is also one of the most beaten down MSOs and seemingly, relatively unknown by the investment community. Everybody knows Canopy but haven't taken in to consideration what part Acreage plays in Canopy's future. I also think that investors are under aware of what Constellation Brands brings to the future of these companies.
My crystal ball is showing a huge upside for Acreage fixed shares for sure when US politicians do the work to cause a triggering event to launch their greenrush, which will be huge. The minute it happens, investors will be scrambling to be a part of it and Canopy is going to be in high demand. Old highs or higher as US investors feel the freedom to invest in a newly legalized vice with a ton of potential.
Canopy is already the leader and backed by Constellation's $45 billion marketcap and ability to raise money and run profitable businesses and Acreage fixed shares are a deal and a half to acquire some Canopy at current prices.
Some US MSOs are doing very well building cannabinoid businesses where allowed and how allowed and Acreage has dividended out a lot of their equity to shareholders of record. About $3.30 US per share of special dividends, so taking care of shareholders has been a major consideration by management.
If you are considering Canopy you need to take a look at the deal they have with Acreage and understand that Constellation is a major player and what they are bringing to the equation. glta and dyodd