Acreage Holdings ACRGF

It is more important to watch Canopy price than Acreage pric

[krisruna]

CaThanks.nopy is around $ 60 now. As per deal, we are at 0.58 x 60 = $ 34.80

We get $ 300 M now. Plus we get 58 % of Canopy price (upon legalization). So, after deal closes, we get price related to Canopy.

When Legalization will happen (STATES BILL will also do) is any one's guess. My opinion, it should happen in 2019.

[Sampic]

So yep the share price is tethered what canopy does Acrg does and vice versa I think you will see more of these deals.I like this deal for both companies.

[Sampic]

Only thing is Canopy has to go to 100 dollars American for Acrg to be worth 58 bucks I don’t know it might take 2 or 3 years for that to happen where as Acrg on its own would have doubled in 6 months with the passing of the safe banking act. Very good deal for Canopy.

[krisruna]

For Canopy to go to $ 100, it will not take 2 or 3 years. It will take more like 2 or 3 months. Today GMP price target for Canopy is $ 100. Both PI and CIBC have also raised their targets. Few of us, our prediction for Canopy end of 2019 is > $ 120. Cheers.

[Sampic]

Don’t forget the American conversion you get .58 Canadian.

[Sampic]

Canopy is 44.56 American you get .58 percent of that price not the Canadian price.

[Sampic]

That’s why Acrg is at 22.50 price is tethered.

[Sampic]

22.30

[Sampic]

Whatever Canopy does on the nyse Acrg will do

[Countrygent]

You don’t get a “price”.  Apart from the $2.55 advance payment no cash changes hands.  There will be a share exchange at the exchange ratio:  every share of Acreage will convert to 0.5818 shares of Canopy at the triggering event.  Obviously their price is relevant to calculating in dollar terms the value of the deal, but it is a fixed number of Canopy shares that are the main