Canopy Growth Corp T.WEED

RE:RE:Klein's Timeline

[geodcan]

And yet not so very long ago, Canopy valued Acreage as being worth 3.4 billion dollars.  It depends on what the value of the assets is and they are hopeful for black ink soon.  Acreage is doing the same thing as Canopy by getting rid of the deadweight and picking up other cheap assets with emphasis on turning a profit.  Canopy only has 38 million into Acreage to lock up its asset value and when we get a triggering event and Canopy plants their flag at all of those companies under our umbrella and gets all of those brands that they have built onto US shelves, that will be real valuation time.  Keep in mind for the fixed Acreage shares, it is only going to take a bunch of paper shares to pay up.  My guess is those Canopy shares will launch to old highs or better as the gates swing open for US investors to pile in, at least those that don't have shares now.  We are on the verge of the greatest greenrush the world will ever see in the US. Some think that now is the time to pick your best value US MSO because they are on sale and none more than Acreage imho.  quote=Starsearcher80]Clown, do you not even have the basic ability to read?

Acreage said it intends to use proceeds from the new credit facility to repay existing debt, fund expansion initiatives and provide additional working capital. Its total debt as of Sept. 30 stood at $142.6 million.

Ok, so they are borrowing money to pay down their borrowed money, and have a cash flow problem for working capital.

And this is a good thing?????  Ummmmmmm, NOT.

OptGreen wrote: It islooking pretty solid here and with what appears to be a gathering general ramp up  and Klein delivering in spades? There were maps and info on where they were and what they planning to be with acquisitions and shpi and suppy network. This sure don't look like smoke and mirrors and the rest of the bullshite....there is soon to be some serious burnt short happening. JMHO...Opt

Dec 16 (Reuters) - U.S. cannabis firm Acreage Holdings Inc said on Thursday it had secured a $100 million credit line from cannabis REIT AFC Gamma Inc and Viridescent Realty Trust, indicating growing investor optimism in a sector still underfinanced by traditional lenders.

Expectations of policy changes including federal decriminalization have raised prospects for the U.S. cannabis industry, which analysts have estimated is currently worth $24 billion in annual sales and could triple in size over the next decade.

AFC Gamma has committed $60 million under the senior secured credit facility, with $10 million syndicated to an affiliate and the remaining $30 million committed by Viridescent.

The credit line also includes an option for a further $50 million once certain milestones are achieved, AFC Gamma added.

"We believe Acreage is well positioned in high-growth, limited license markets such as New York, New Jersey, Ohio and Pennsylvania, amongst others," Leonard Tannenbaum, AFC Gamma's chief executive officer, said.

Acreage said it intends to use proceeds from the new credit facility to repay existing debt, fund expansion initiatives and provide additional working capital. Its total debt as of Sept. 30 stood at $142.6 million.

The facility will bear interest at 9.75% per annum, payable monthly in arrears, with a maturity date of Dec. 1, 2025.

In 2019, Canopy Growth Corp had secured a right to buy Acreage for $3.4 billion once the United States legalizes the production and sale of cannabis. (Reporting by Arunima Kumar in Bengaluru; Editing by Ramakrishnan M.)

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