RE:RE:RE:RE:RE:All Top Cannabis Companies Finish GreenIt doesn't matter today one way or the other, if you feel WEED is going to fail and CGC. US is the winner then sell your WEED and buy CGC. US as they are trading at basically the same price after conversion to US dollars...you don't have to wait for them to do anything.
The Senate voted to avert the rail strike yesterday and that was the big push behind the strong green NA market yesterday...the banking is going to be state controlled for the most part for a while yet and there will need to be some changes at the federal level coming as well. The states have much more self direction than a province here so it will take longer, kind of load controlling a truck load of cats they don't come out of the gate single file, they go in different directions, so the process will take some time.
So let's quit with the crisis bullshite, be happy there are options...at least for a day or two? JMHO..Opt
Rotaluceps wrote: OptGreen wrote: There should be no loss or gain Old, if you want to have your
'WEED' shares moved to US with the company it should only adjust the price per share by the conversion to greenbacks...it appears to be trading that way now with WEED @ $5.28 and CGC US @ $3.93? This is how it has been, for the most part, when I have checked before.
We will get the options available as they get closer to making the move stateside final. JMHO..Opt
Oldweed wrote: Exactly, hence my question I asked earlier below. Looks to me like STZ has recovered their losses with the new ACRG deal..maybe even more if they strike a new deal, and then if WEED does not make a profit they are set to sell it off in pieces. I am thinking it very risky to keep WEED shares but pretty safe to keep CGC shares. Alot of moving pieces but I am sure STZ will come out just fine.
"So as a stand alone it can fall alone, that being said,would it be reasonable to assume the stock will perform independently from that of the new US holding company and or CGC, or am I missunderstanding the risk here?"
Weed shares will not be moved to the US. A new company will be created in the US with its own management. Canopy will own parts of the US companies they have a deal with. I suspect that Canopy will eventually give up its operation in Canada or keeping it at a minimal. Investors should not be bothered with this in the short term. Investors will see it coming like it happened with the lay off and the news today. There were the stores closure and now this. When many others things like this happen, it will give a clue. Investors should not be bothered with this in the short term but it is good to know.
On a separate thing, If the Senate don't vote on the banking act in a lame dunk session at the end of December, it will be very bad for CGC.