Post by
MortgageFree on Sep 14, 2020 6:23pm
This is my take on the deal.
The higher Canopy goes the more we benefit when the triggering event and conversion of fixed share happens. We get 0.3048 of a Canopy share for every Acreage share we own. So when Canopy goes up our 70% fixed shares are worth more money. On the other hand we also need Acreage to go up to increase the value of our floating shares. The higher Acreage climbs the more Canopy will have to pay us for our floating shares or maybe even a 1 for 1 conversion if we can reach close to their share price. So I'm hoping after the triggering event and conversion of fixed shares into Canopy that we climb fast over the 30days trading volume so that Canopy will have to pay us big time for those floating shares. It's a minimum of $6.41 US right now but will be much much higher days after the triggering event imo.
Comment by
MortgageFree on Sep 14, 2020 6:35pm
So if Canopy skyrockets before and during the triggering event and then Acreage Skyrockets and gets close to Canopys share price within the 30 days after the triggering event then we get the best possible scenario out of this deal. Will both companies move together or separately, I guess time will tell. Glta. Not sure if I'm right on this but it sounds great to me if this happens.