WOW!Sp is moving differently than my expectations for that latest earnings/loss report.
This must be tagging along with Canopy WEED on their inspirational move to target profits in the US, whether the Feds come to the party or not.
For sure WEED is cutting losses in Canada, Thank You government for screwing up all things pot like only government can do.
Negative $50 million per quarter for ACB on a marketcap of 500 million suggests 10 more quarters to be worthless.
Must be contrarians bidding this up on the hopes that WEED's efforts are going to spread across all of the LPs and the US will do the work to swing open the doors for non US entrants to bring what we have to the US market, where legal for both rec and pharma use.
I think I would put my money in to Acreage Holdings as a better bet because they are the chosen ones for Canopy to do rapid setup in the US and it looks like they are going to convert those Acreage shares, both classes, fixed and floating, in to Canopy shares who have some real professional beverage backing from big brother Constellation Brands.
Money too, as Constellation is picking up more pot and hemp options on companies that will complement their establishing their dominance on US soil where some US MSOs are actually making some profits.
I don't have a clue what the breakup value is of ACB but somebody is trying to move the sp for at least a swing play on the spread.
glta and dyodd