I think that the sharepricecould get to $70 or higher for the chosen ones.
They are the preferred shareholders who are putting on the magic show of creative deals where the commonshareholders ask themselves where our investment went!
Constellation blew in and picked up cheap assets in the US but paid handsomely for WEED.
Those cheap assets were pretty much in distress Stateside or so we are told, which I am not sure I believe.
I think Acreage was in the hands of marketmakers and a few politicians taking care of themselves and a few cronies and I believe TER had a cash flow problem.
The Canadian government both launched and strangled the pot biz at the same time but IP, recipes and what has been learned in the Canadian marketplace is valuable and can cross to the States through branding deals and such that are already happening.
Canada can be looked at as the training ground and trial market area and hopefully that strong business and involving government by lobbying can happen in a beneficial way for the US such that they don't fock it up like has happened in Canada.
Again there is a lot of law enforcement necessary Stateside to help the legitimate side of the greenrush to flourish with a level playing field for providing safe and inspected pot product to consumers.
This will take time and will of those who can make this happen.
Not easy and quite probably dangerous for law and policy makers but the US MSOs have had some success so far due to being smart businesspeople and navigating the pitfalls in the playing field.
Constellation is really packing the big gun for what they have set up under their umbrella and they expect a return on investment which makes me think that they are in it for the longhaul and are doing whatever it takes to be standing in the winnner's circle when the smoke clears.
The question is whether they will take long time investors with them or just use us for traction to get to the top!
Hopefully long term investors are not forgotten and treated more fairly than what I think is happening for WEED and ACRG shareholders.
ACRG is a leading US MSO that was chosen as best choice or deal at the time for what they bring to the conglomeration. Other US MSOs have done ok and I beleive that Acreage is doing better than what investors are giving it for sharevalue considering it has a lot of the parts needed by Canopy/Constellation for the US entrance.
I'm a buyer near recent lows and hopeful to pump up my share volume to my original investment in Canopy.
I'll take 10k shares pls at the right price.