Acreage Holdings aka Canopy Growth USAwith a triggering event. I don't know how many miles away those jungle drums are but they are getting louder for US legalization.
Time for a reminder of the deal to deal with Acreage and Canopy. $13 ish worth of Acreage fixed shares will get you $23 worth of Canopy when Canopy feels safe enough to do more than branding deals, not that those branding deals aren't advancing Acreage's cause.
I'm unsure of how the Acreage floating shares will crack out but I do feel strongly that a triggering event will drive Canopy's sp back to its old highs or higher and my guess is that Canopy will step up and so the same type of deal swap like they are going to do for the fixed shares. I expect Canopy shares to have great demand with a triggering event as US investors that aren't willing to break bad will rush in to put some in their portfolios. Owning Acreage fixed is a shortcut to getting some shares of Canopy which is a world leading International company in the cannabis and hemp biz and jmho, but they are on sale right now!
Big and mighty are getting bigger and mightier with buyouts and there still seems to be lots of money available for fund raisers for worthy companies, not that there isn't going to be a lot of smaller companies that will tank, while this sorts itself out. For sure some form of decriminalization seems to be the starter pistol for the States to come out smokin'! Canadian LPs are adamant about it but getting creative with branding deals. I expect that CBD beverages will be making their way to shelves with Canopy branding on them through Acreage and maybe even Terrascend and THC beverages will follow. Americans want this and they are building powerful lobbies with US MSOs who are poosyfooting their way through overregulation to be viable marijuana and hemp companies, where allowed.
glta and dyodd