Post by
geodcan on Dec 12, 2020 3:51pm
Sadly
This Acreage bullboard has degenerated to a paid pumper paradise and isn't getting the attention it deserves. Canopy and Acreage took the time to redo the deal for amalgamation and at these prices it looks like a very good deal and also a best kept secret. Canopy themselves said that they have an obligation to honour the deal or why would they waste the time and put up another $30 million. I know that there is a little sticky wicket of a "triggering event" before those Acreage shares get swapped out for Canopy shares. Acreage is a lot of things that Canopy is in need of for rapid US expansion and both companies lost a lot of investor's faith when they did revisit the deal but the only reason to not go through with it is if the whole cannabinoid market tanks. Canopy is already getting branded products into the US pipeline with deals with Acreage to make that happen. Heavy emphasis on drinks that are being targetted as big turnover, high margin skus destined to bring the lion's share of the revenue by cannibalizing old unhealthy forms of ingesting marijuana like smoking and also being recognized as a disruptor to Big Alcohol which is why Constellation STZ staggered the marijuana hopefuls with $5 billion C investment into Canopy. Right after that happened Canopy was flirting with Constellation's marketcap. Legislators on both sides of the border are being dragged to where they need to be to continue the launch of the greenrush but as we all know, they move at the speed of government. Constellation and Canopy get due respect but investors are ignoring Acreage which is going to be Canopy in short order and at a sweet premium for Acreage shareholders. That triggering event is going to bring on huge demand for Canopy shares and this is one way to get on board cheap. jmho, glta and dyodd
Comment by
Rotaluceps on Dec 12, 2020 8:51pm
Take a chart, look at it, and look at the volume. A stock going down with such a low volume? Hmmm.. Only 27,000 in volume?