The More I Look at this DealAs of yesterday I was not to thrilled about the deal based on what the specifics were as outlined. Thats because i fell in love with the company and Beena. I thought the company was worth more. I had to much emotion in it.
I have been reading all of the posts here and catching up on Canopy. As I mentioned I still hold 60K of fire at .315 cents. I will hold these until close of the deal as I believe we will make out like bandits. I will end up with 699 shares of Weed.
At the time of the deal Weed was at $35.75. I was doing the calculations with that share price.
60,000 shares at .315 = $18,900
699 shares at $35.75 = $24,989.25 (yes by selling yesterday I lost out on $6000 dollars if I had waited until June and the Canopy price stayed at $35.75.
But it will not. It is trading at about 50% of its high of 2021. But lets be realistic. The MJ industry was wackiy in Feb. so even if the Weed stock increase 25% which will put it at around $45.00 I will have 699 shares at $45 + $31,455. Which will be roughly a $11,400 increase.
I believe Weed will be around there in June just have a look at this interview from yesterday
https://www.cnbc.com/video/2021/04/08/constellation-brands-ceo-says-canopy-weed-business-nears-profitability.html
If I am off base here please correct me as that is how I understand this deal.
Cheers all and have a great weekend.