CSE:ACRG.A.U - Post by User
Post by
geodcanon Mar 27, 2024 5:46pm
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Post# 35956669
Acreage shares
Acreage sharesshould be getting more respect than they are getting with all of the recent upticks for Canopy.
Sadly, I guess, shareholders of ACRG A and B shares have been hurt so badly because of the pilfering and pizzing on of their sharevalue with one more castration coming if/when they complete the Canopy/Acreage deal with the shareswap where Acreage shareholders are supposed to get one share for two or three shares of Acreage A or B in the shareswap for Canopy to rto Acreage.
Canopy has chalked up a 3 or 4 bagger in the recent upticks.
Acreage should too, I would think but Investors are treating it like a dogmine that needs to be avoided!
There is still huge value in both these companies despite management doing scorched earth tactics for control.
I hate that these deals are beyond the comprehension of their own accountants and lawyers so the armchair investors is left in the cold.
Government needs to put out a standard, acceptable financial form that can't be changed at will with unknown entries and such to detract from the real financial health of a company.
The accounting business has lost their moral compass and their integrity has been sold to the highest bidder.
They have destroyed their whole reason for being as a profession.
Acreage is the least loved of the US MSOs but an integral part of the Canopy/Acreage deal for rapid setup as CUSA or whatever they call it to get Canopy's stable of products to US shelves.
Depending on who you talk to or follow, both these companies are on the verge of black ink.
Acreage lost Mulroney so that should be $13 million to the good side of the ledger. If they get rid of Boehner that is another $13 million that they were shelling out for lip service for Acreage.
If they stop all the stupid shyt we could see black ink sooner than later!