RE:RE:bumped up Q releaseNot in any MSO yet! Acreage fixed at current prices, 3 Acrg get you 1 Canopy when they merge it, close to a double.
Acrg floating shares, if I remember correctly will be redeemed at over $6 US or at bare minimum, if Canopy doesn't follow through will do whatever Canopy does because they will be run by Canopy so basically a bunch of shares that would be better to be bought out in the $6 range than waiting til they float up with the Canopy shares.
In my crystal ball, I see those Canopy shares currently at discout for about 90% off their high, returning to the old high or higher simply because the US has the marketplace and pro business accumen for serious potpreneurs to make profits.
It is still a weed and things will change. I believe that vertical integration will give way to weed and hemp just being a commodity and it will be bid on depending on supply. Grow-ops are no competition to "good enough pot" being grown in 3rd world tropical countries cheaper than in greenhouses in seasonal States or Provinces and where labout is a couple of dollars a day. No light bill or heat bill like a greenhouse. \\
Shipping and handling will be tweaked with oil extraction at the farm level and the leftovers might be cattle food or somesuch.
Value added is where the dollars are going to be and Canopy has a whole stable of skus that are more than just a bunch of leaves in a bag. Edibles are a nice way to ingest pot, rather than smoking and I have bet heavily on beverages that are destined to disrupt the soft alcohol market with better than booze health benefits. I don't think initially that Cartels and Gangs will take this any farther than base stock suppliers of questionable quality and safety underground weed to upgrade to value added, beverages or edibles. Big Alcohol, Tobacco and Pharma are working on an indisputable headstart such that black market won't even challenge them.
Bruce Linton proactively saw his vision of a bright future for pot and hemp and he put together everything that he though would round out Canopy and he pipered in like minded investors such that millionaires were made and lots of profit inspired competition to the point, I think, that we have saturated the hotspots with supply chains aka competition.
It got crazy and law makers leaned towards safety over free business practice and legalized and strangled potpreneurs at the same time.
Canadian LPs were first out of the gate and the smart US entrpreneurs switched to being potpreneurs and surpassed us in many ways because they are great business people and they have lobbied for what they need and received it in many States such that some of the MSOs are profitable, viable, growing businesses that are going to take a bite out of Beverage Alcohol's business.
Constellation Brands, multi unicorn beverage co put up serious money to be a part of the greenrush future they envisioned for protecting their business and Canopy was already working out cannbinoid infused beverage skus in Canada, so they put themselves at the management table of Canopy and the US MSOs they put their fingers in for future expansion into their prospective largest market they will ever be privy to.
Constellation is a good big brother to have with hardcore management with an eye to the bottomline, who are not prone to throwing good money after bad, but I believe will continue to add the backing that Canopy and its prospective partners will need because Canopy is still a leading LP with ambitions for the States.
If you are considering US MSOs, I'm still big on Acreage because I don't think that Constellation/Canopy would try to revisit the deal again like they did the first time around. Serious dollars have already been paid for Acreage rights to merge it into Canopy and that deal they came up with after revisiting it drove the price of Acreage down to where it is now, which is cheap at these prices, especially considering the instant upside on conversion, if they remain relative, pricewise.
dyodd