Post by
Batemanwanabe on Apr 22, 2019 7:13pm
IR this morning
Holders of record will receive approximately $2.55 per share of Acreage Subordinate Voting Shares if and when the transaction closes (Canopy & Acreage both hosting Special Shareholder Meetings in Mid-June).
From there, once the trigger event occurs and initiates the acquisition, shareholders of Acreage stock will exchange those shares for .5818 of Canopy Growth.
Using a simple example (and assuming the transaction is approved in June), let's say the trigger event occurs in 1 year from today, and Canopy is trading at $100. Acreage shareholders would thereby exchange their shares for Canopy Growth at an exchange rate of .5818($100) = $58.18
If that were in fact the exchange price, then the actual valuation of the transaction would be ~$6.81B (~117m Fully Diluted Acreage shs outstanding * 58.18/sh)
Hope this is helpful.