geodcan wrote: That was at the top of the irrational pricing curve where everybody was overpaying for pot stocks.
What about the $3-4 billion deal with Acreage that they revisited and got out the door with their futuristic and creative deal that will happen when the US takes the criminality out of Federal pot jurisdiction. That deal got locked up for $30 million for a leading US MSO with fingers in a multitude of States with a full spectrum of skus.
They just need to take the criminality out for non US companies to do business in the US States where it is legal. Oh, and print up a few more shares for swapping Canopy shares for Acreage fixed shares.
I can't believe that posters here aren't talking this up for the deal it is right now to unfold in the future.
Jmho but Acreage shares have been beaten down badly for a company that the industry once valued between $3-4 billion dollars. Canopy's big brother Constellation has guaranteed Acreage for $150 million worth of credit as well as some of the other interests that will complement Canopy Growth USA division.
Constellation Brands is proactive, not reactive like all the rest that threw their hats in the marijuana and hemp ring, after Constellation.
For the record they are buying up or into US MSOs or companies of interest, carefully so as to not draw fire from any protectionists or legal shytdisturbers.
Canadian LPs are real deal companies with a headstart on market-testing some of their skus, also time to tweak them up, before doing branding deals with US companies.
I chose Acreage over Canopy for reinvesting some profits. Those Acreage shares got beat down badly but Canopy is going to need everything in their stable to add to ours for rapid set-up in pro-legal States.
I believe that Constellation/Canopy will honour the deal with Acreage because they need what they saw in it in the first place and the cost is just shares to drive their bus.
Either you believe US legalization is going to happen or you don't! Invest accordingly but know all the facts.
glta and dyodd