CSE:ACRG.A.U - Post by User
Post by
geodcanon Oct 30, 2022 7:24pm
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Post# 35058873
Acreage is still an option play
Acreage is still an option playThe fact that it has been treated as a personal piggy bank playground by marketmakers who have done everything in their power to hold this down despite the fact that it is a leading MSO in everyway other then bottomline shareprice.
I guess the large amounts of renumeration in different forms to Murphy and his old company cronies is a huge part of it, although, according to the insider sales lists, he is buying!
Having Klein sniffing around for a new deal after agreeing to the first revisit is outrageous and I want to think that Canopy/Constellation still needs a US MSO and that Acreage was their first choice.
It seems to me as an early investor in Acreage that Klein's willingness to focus the pain on the Acreage floating shares for a deal that seems to me to be 1/6th of what the original deal was and another special deal for the Acreage boys that values out at a huge premium to what the regular commonshareholders are going to get, nevermind this nonsense about having to conjure a whole new Canopy Growth USA private llc to further complicate the facts of this deal and the original deal with Canopy.
Canopy Canada, in my mind, has become the trial area for our line of skus but capped by government policies and laws such that there isn't a hope of making any profit the way things are.
It is reasonable to focus on the US but Constellation has to realize that they have common shareholders that are already hurting and trying to assume total control for a penny or two could generate repercussions like they have never seen.
Maybe Klein did see this which is why he negotiated that $40 million in the first place for his renumeration.
Canopy was a Canadian born company, heavily invested in and built by Canadians and they should partake in a fair and reasonably administered company.
The timing is terrible to want to do a whole new self-serving deal given that Acreage is close to black ink and it looks like Canopy Canada is going to neutralize losses and move to the US as originally planned.
The current shareprice of Acreage doesn't fairly represent the potential imho and my gut tells me that the sp is controlled by self-serving marketmakers.
Don't give your shares away by endorsing this deal because somebody is going to make huge money and common shareholders should be a part of that.