CSE:ACRG.B.U - Post by User
Comment by
geodcanon Apr 14, 2024 7:31pm
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Post# 35988530
RE:Arbitrage
RE:Arbitrage The vote is a done deal and with very little explanation of how this is going to crack out with the rto share deal.
If by some miracle of no explanation is no change to the original deal then Acreage should be screaming hot trading!
At your old formula of 3 Acreage for 1 Canopy, a buck and a half will get you a $10 share of Canopy.
I haven't been able to divulge any new formula and have it in the back of my mind that Canopy doesn't have to complete the deal to rto Acreage A and B shares. They could just walk, although it is my opinion that CUSA is going to need a US MSO to be a success and Acreage is that although not a big and mighty MSO, yet!!!
The honourable thing for Canopy/Constellation to do would be to announce and explain the intricasies of this deal in laymens terms such that it is understandable by most shareholders. That vote for CUSA going through without the critical information of the deal undertaken by Canopy to rto Acreage should have a Securities watchdog chiming in.
It doesn't seem right at all to me but neither does Constellation's tanking Canopy to critical levels. I think that is by design rather than by chance.
Canopy was a marijuana and hemp leader in the investment community and it was under Constellations guidance and opinion that the sharevalue was taken down to the critical levels that it is at and they compounded that with the consolidation vote and the Bio-Steel deal.
How could beverage guys screw up their assessment of taking on Bio-Steel!
Actions based on opinions and the vagueness and complexity of the deals has investors very fearful such that they are washing thier hands for what they can recoup in this downturn for pot stocks.
There is still going to be a CUSA! Whether Canopy and Acreage shareholders catch some of the upside willl reflect on management and their idea of fairness.
glta and dyodd