Bullboard - Stock Discussion Forum Acreage Holdings ACRGF

Healthcare Drug Manufacturers - Major

Acreage Holdings Inc is a vertically integrated, multi-state operator in the cannabis industry. Its business operations include cultivating, processing, distributing and retailing cannabis. The Company derives its revenues from its retail dispensary business where cannabis and cannabis-infused products are sold to consumers. Its geographic segments include New England, Mid-Atlantic, Midwest... see more

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Acreage Holdings > what is the price they would be buying at

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Post by BynerBizarre on Apr 18, 2019 9:47am

what is the price they would be buying at

The news release says:

Upon exercise of the Right, the total consideration payable pursuant to the Transaction is valued at approximately US$3.4 billion on a fully-diluted basis, represents a premium of 41.7% over the 30-day volume weighted average price of the Acreage Subordinate Voting Shares on the Canadian Securities Exchange (the "CSE") ending April 16, 2019 (based on the Exchange Ratio, Up-Front Cash Premium and the 30-day volume weighted average price of Canopy Shares as at April 16, 2019).

Can anyone do the calculation?

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Comment by Countrygent on Apr 18, 2019 10:15am

You can’t determine the value at the future triggering date (US Federal legalization). $2.55 cash today per share as an upfront payment upon approval of the deal by both sets f shareholders and Court approval (it is an arrangement transaction). At the triggering event of US Federal legalization, close to 0.6 of a Canopy share per share of ACRG. So now if you hold ACRG and intend to keep ...more

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