RE:RE:deal to deal33 million! Cash xfr from Canopy to Acreage and the shareholders got that cash in a dividend. The fixed shares are being done with stock certificates and the floaters is anybody's guess.
Acreage paid dearly for a lot of the assets they purchased under Murphy who slapped Acreage together by going on a shopping spree. He put together a huge MSO with most of what is going to be needed by Canopy and they are sorting out what they need and don't need and are moving towards being profitable.
The branding deal that Acreage has with Canopy could put Acreage into black ink with cannabinoid beverages and Canopy swapping those share certs for Acreage isn't overpaying because it doesn't cost much to print a share certificate.
Canopy is also launching BioSteel, Martha and a couple of others through branding deals which keeps Canopy once removed from "touching the plant" and stirring up the regulators.
Canopy also has a lot of dry powder to pull this off and cash buys you time for STZ to bring their hardcore business management style to the forefront.
You can see the effects of that change in management already in Canopy and Acreage as they discard some of the assets and buy others. Acreage is working on a huge facility and Canopy should be finished their 300k sq foot facility in NY. They plan on coming to the US when the US launches, but smart operators that they are, are going to do it when the lawyers say it is de-risked from the Feds.
If you think Canada had a great greenrush, just wait until the US swings the doors open for theirs!
glta and dyodd