RE:The More I Look at this DealYou are correct, people who keep selling FIRE and buying weed.to is simply stupud as these two stock are not trading at par (but very close) yet and you lose money. The one and only reason to sell now is if you think u can invest this money at higher then CGC return from today until June...
AOGEE wrote: As 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.