RE:Looks like extra shares added are being used to Short !!!This is going lower and $2.50 will surface due to lack of profits , money that keeps getting blown away without a care in the world and earnings that are terrible !!!
Nothing like throwing more cash down the drain without providing a CLEAR business model
Dilution baby !!!
7,631,637 Common Shares
This prospectus supplement relates to the offer and sale from time to time of up to 7,631,637 of our common shares (the “Shares”) by the selling securityholders listed in the section of this prospectus supplement entitled “Selling Securityholders” (the “Selling Securityholders”), which is comprised of:
(i)
5,118,426 Shares (the “TRA Shares”) issued on December 9, 2024 pursuant to the Third Amendment to Tax Receivable Agreement (the “TRA Amendment”), dated as of October 24, 2022, by and among us, Canopy USA, LLC, a Delaware limited liability company (“Canopy USA”), Acreage Holdings America, Inc., a Nevada Corporation, High Street Capital Partners, LLC, a Delaware limited liability company (“HSCP”), and certain members of HSCP.
(ii)
1,315,553 Shares (the “Put Shares”) and 1,197,658 Shares (the “Put Warrant Shares”) issuable upon the exercise of warrants (the “Put Warrants”), issued on December 9, 2024, to satisfy an outstanding put liability that was assigned to us. Each Put Warrant is exercisable for one common share at an exercise price of US$3.66 per share, and is exercisable for a period that commenced on December 9, 2024 and will end on June 6, 2029.
Our registration for resale of the Shares covered by this prospectus supplement does not mean that the Selling Securityholders will offer or sell any of the Shares. The Selling Securityholders may sell the Shares covered by this prospectus supplement in a number of different ways and at varying prices. For additional information on the possible methods of sale that may be used by the Selling Securityholders, you should refer to the section of this prospectus supplement entitled “Plan of Distribution” beginning on page S-7 of this prospectus supplement. We will not receive any of the proceeds from the resale of Shares sold by the Selling Securityholders.