Post by
1hot-techwoman on Dec 02, 2024 5:50pm
Canopy will own it all by Dec 9th it seems !
Canopy Growth (TSX: WEED, NASDAQ: CGC) and Acreage Holdings announced that Canopy USA is expected to complete its acquisition of Acreage around December 9, 2024. The acquisition includes both Fixed Shares and Floating Shares of Acreage, subject to closing conditions. Notably, if Canopy Growth's share price on Nasdaq doesn't exceed US$5.00 before closing, Fixed Share holders will receive no consideration. Upon completion, Canopy USA will own 100% of Acreage's outstanding shares. Letters of transmittal for the acquisition will be mailed to registered Acreage shareholders.
Comment by
1hot-techwoman on Dec 02, 2024 5:53pm
https://www.stocktitan.net/news/CGC/canopy-growth-and-acreage-provide-update-on-closing-7my6k5cr8mdc.html
Comment by
quinlash on Dec 02, 2024 6:13pm
Here's my prediction... 1HOT is going to make bank on her current position. Slightly after taking profit she'll drop me a note with a percentage gain number, mostly to annoy me but the excuse will be friendly competition. :) All in good fun Q
Comment by
1hot-techwoman on Dec 03, 2024 7:05am
Oh Quin ...LOL :) Tell you what Quin I will be adding more at this level as i believe its being kept down on purpose before the deal closes Dec 9th ! Then Unward and Upward combined with Legalization in near future !! IMHO :)
Comment by
BrokerG on Dec 03, 2024 9:35am
Has anyone noticed that our share count has gone from 85 million after the consolidation to 105 million today. That is alot or dilution. Hopefully they used that money to pay off debt and not for year end bonuses.
Comment by
BrokerG on Dec 03, 2024 9:58am
Hopefully you have the cash "1hot" to keep this stock from total collapse. Any comment on share dilution? or the sell off the CDN division and keep CUSA only?
Comment by
1hot-techwoman on Dec 03, 2024 10:26am
Ouch !! did not see this coming??? They are shorting as much as they can befire Dec 9th my guess till deal finalizes.
Comment by
BrokerG on Dec 03, 2024 10:32am
I was just theorizing in regard to sell off of CDN division, in light of the Acreage deal. I am concerned they do something similar to the non- CUSA shareholders.
Comment by
1hot-techwoman on Dec 03, 2024 10:36am
No i dont think so as canopy Shareholders should be ok the way I see it? I think they are shorting to shake out weak hands before Dec 9th when the deal Finalizes. Use this crazy pullback to your advantage if you can.....Thoughts Quin?