CSE:ACRG.A.U - Post by User
Post by
geodcanon Aug 03, 2021 3:29pm
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Post# 33643244
good trading volume coming from the US side
good trading volume coming from the US sideas we seem to have found our bottom, for now! I'm trying to figure out exactly how those ACRG.B floating shares are going to play out and haven't been able to get a response from anybody with some wisdom to share on the subject.
I think that when we get a triggering effect, ACRG fixed shares are going to shoot up at least to equilibrium as the shareswap deal kicks in to assume 3 and a bit shares for 1 Canopy. I believe that Canopy shares will shoot up to their old highs or higher but the B floating shares have a deal written with Canopy IF they assume them or let them float around.
In my mind those B shares are going to equalize with the A shares and should appreciate as investors rush in to get into Canopy shares. Why wouldn't Canopy do the same kind of a shareswap deal as they intend to do with the A fixed shares. Printing share certificates is a no-brainer and only cost the printing fees. Canopy will need to increase the sharefloat to be able to supply US investors that want shares or want more shares and a fund raiser from an increased sharefloat is probably going to be needed to keep first place in the US.
If for some reason Canopy sits on the deal to buy the B floating shares, they will still be in the driver's seat of Acreage with 70% of the float. I wonder if they will drop the Acreage and just go with Canopy or maybe they will just go with Constellation Brands. Anybody know what shingle they hung on the huge New York facility?
Any thoughts on how this will unfold? Anybody?