CSE:ACRG.A.U - Post by User
Post by
geodcanon Dec 16, 2021 2:06pm
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Post# 34237768
I have grave concerns that
I have grave concerns thatthese guys are going to try to fleece this lamb twice. Canopy just stated that they are dumping out C3 co. GMBH and the market construed it as costing Canopy to do so, a rather large amount but they suggest that it will save a ton of development funds and it is no big deal because Canopy is developing its own line of pharma intentioned products.
In my mind, I believe that Canopy needs what Acreage brings to the deal but with the shareprice getting hammered down to these levels, the math suggests that Canopy can just go to the market at current prices and grab full control, on sale, as in cheaper than what they expected it to cost when they revisited the deal and came up with a huge discount with little respect for shareholders that are long term and severely under water for their support.
Canopy doesn't have to do the deal with Acreage, although it would be dirty pool to fock over shareholders twice but they have TER and probably others that bring a lot of what Acreage brings.
Acreage is probably the worst performing US MSO in the market even though they are grinding it towards a good balance sheet.
Clearly, all of the potpreneurs are hanging their hopes on some kind of a "triggering event" that will get International investors feeling unpersecuted by US business and politicians to the degree that they will plant their flags on US soil without fear of being singled out by the Feds.
The US MSOs are willing to work with the way it is set up right now, with the handshake kind of a deal such that the Feds will let the individual States administer their own justice if their workarounds draw fire.
I have no fear that Canopy is still a leadership contender because they have secured financial backing from Constellation who I believe will go to the wall to protect their first $5 billion share purchase despite the short term negative bottomline incurred by Canopy on Canadian soil where politics are depressing real potential for potpreneurs wanting to do business on Canadian soil.
As an early investor in Acreage, my sentiment is that revisiting the deal they had inked with Canopy was a major fock-over for the first string of investors and tainted Canopy as a dirty inside trader and took potential straight out of shareholders accounts.
Where this winds up is up to management of both parties to the deal that is inked and it comes down to integrity and trust that shareholders get put first.
glta and dyodd