RE:RE:RE:RE:Acreage soon to be CanopyIt made ya look and I know it was an old post for the benefit of those investors that don't know there is a deal, to happen sometime in the future, when the US Feds decriminalize pot from their schedule one category.
That Fed legislation is too much risk for most players, mostly International investors but MSOs too.
If the Feds queer the deal to let the pro-pot States administer their own laws and regulations investors touching the product risk seizure of assets, criminal charges and possibly jail, which makes good sense for investors to heed, especially if you are Canopy Growth, world leading tail to snout marijuana and hemp company.
Canopy has been very careful and already manouvered from delisting risk on the NYSE by switching to the Nasdaq because the NYSE, in a protectionist move threatened delisting from said exchange for touching the product.
The Canopy/Acreage deal that has been inked and paid for (30 plus million dollars) from Canopy to Acreage shareholders shows that Canopy isn't stagnating as some think. To finish the takeover of Acreage just requires some form of legislation that will be construed as derisking before they finish the deal, at their option, I believe although it says it is legal and binding. Why wouldn't they go through with it.
Canada has dissapointed all potpreneurs with our legalization and strangulation at the same time such that making a profit in Canadian markets is not realistic, at least until the Canadian players succumb to the fact that we have too many hopefuls that aren't going to make it.
This is why I like the big and mighty and because Canopy led the way and continue to position themselves for the mighty American marketplace, where US MSOs are having better success with black ink for their efforts, where they can legally operate and navigate with either rec or medical or both.
If it wasn't for Constellation Brands taking a shine to Canopy, I expect that they would have been done a long time ago. Constellation is a beverage maker who's crystal ball told them that they are going to lose sales to cannabinoid infused drinks and they shook up and helped legitimize the whole business with some very big dollar investments, enough to get themselves on the board of Canopy and bring their management expertise and reliance on accounting fundamentals to assess real value rather than the irrational shareprices that happened with a overheated market.
Back to Acreage, all that is left is some form of legislation that non US companies feel derisks their investment and they will barge in and complete their futuristic, ingenious contracts.
Canopy has bet heavy on cannabinoid infused beverages and have developed and market tested several brands, which is probably why Constellation invested in them and the synergies of these two companies, and others that they have done deals with for shares or loans, backed by Constellation.
It is speculated that cannabinoid beverage share of pot and hemp skus is going to increase as they are unrolled, some think, to be the largest segment of the menu of choices while smokables will decline.
I agree but cannabis needs a level playing field with beverage alcohol such that they can be served together and sold together in bars and retailers as well as headshops and home delivery companies. Having all of this happen in the mighty US marketplace is the recipe for success.
If you grasp that cannabinoid beverages are gaining marketshare, I have a penny stock for you called Tinley's Beverages that has kneejerked along with pretty much all of the other players but after a financing deal, seem to be getting traction in California, best test market currently available.
Dyodd on that one!
The Canopy/Acreage deal is real and I can't imagine why Canopy would not exercise the option because they need a MSO and Acreage is a leader amongst them. They just need to print some paper sharecertificates to complete the deal for 70% of Acreage and they have a deal written for over $6 shareprice when they redeem the Acreage floating shares. They are currently about a dollar.
Maybe the US can pound through the necessary marijuana/banking rules with some kind of legislation equivalent to decriminalizing which will launch the US greenrush that will be everybit as spectacular as what happened when Canada legalized pot for adults and patients.
glta and dyodd
Rotaluceps wrote: Invinciblone wrote: He never made claim it was a new article both his post have the dates in them
Rotaluceps wrote:
Rotaluceps wrote: Company Release - 10/09/2019
NEW YORK, Oct. 09, 2019 (GLOBE NEWSWIRE)
Misleading article to pump the stock, unless geodcan made a mistake.
Forgot to post the link to the old article.
https://investors.acreageholdings.com/financial-releases/press-release/2019/Acreage-Holdings-Announces-Additional-Insider-Open-Market-Stock-Purchase/default.aspx#:~:text=ABOUT%20ACREAGE,FORWARD%20LOOKING%20STATEMENTS
It could have mislead investors so I put the thing straight and clear. With a title like this
Acreage soon to be Canopy
and only a link, it needed to be corrected. As for the second post, he posted the article without the date.