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

Add To Watchlist

OTCQX:ACRGF - Post Discussion

Acreage Holdings > SAFE (Banking) Act With A Twist

View:

Post by krisruna on May 03, 2019 1:47am

SAFE (Banking) Act With A Twist

(1) There is a recent video by Bruce (issued in last day or two) which indicates "SAFE act with a twist" can trigger the inititiating (Triggering) event.

(2) SAFE Act looks very close to passing. Within next few weeks, House is supposed to vote. THen, goes to SEnate. There is a priority (placed by Congress) to pass this Act/Bill soon.

(3) So, if we are lucky, we can get the Triggering Event within next couple of months.

(4) Around Sept/Oct, Canopy is getting 2 big Catalysts (a) Edibles Coming and (b) REvenue from Denmark (which supplies MJ to whole Europe) start coming (big revenue source). Combination of both events is expected Canopy price to trade in $ 100 to $ 120 range. 58 % of this provides a range of Acreage shares in $ 58 to $ 70 range (by around Oct/Nov 2019). All my opinions please. Many thanks.

106