Post by
geodcan on Apr 05, 2021 2:23pm
Today
Potpreneurs are getting a little right-sizing by investors. Good ship Canopy takes a little longer than most these days as we wait for the US greenrush to take root politically.
Interestingly, investors are seeing value and showing interest in Acreage today as it is one of the few that upticked. About 10% last I looked!
Acreage is one of the leading US MSOs and the one chosen by Canopy for rapid infiltration to the US.
It is also one of the most beaten down MSOs and seemingly, relatively unknown by the investment community. Everybody knows Canopy but haven't taken in to consideration what part Acreage plays in Canopy's future. I also think that investors are under aware of what Constellation Brands brings to the future of these companies.
My crystal ball is showing a huge upside for Acreage fixed shares for sure when US politicians do the work to cause a triggering event to launch their greenrush, which will be huge. The minute it happens, investors will be scrambling to be a part of it and Canopy is going to be in high demand. Old highs or higher as US investors feel the freedom to invest in a newly legalized vice with a ton of potential.
Canopy is already the leader and backed by Constellation's $45 billion marketcap and ability to raise money and run profitable businesses and Acreage fixed shares are a deal and a half to acquire some Canopy at current prices.
Some US MSOs are doing very well building cannabinoid businesses where allowed and how allowed and Acreage has dividended out a lot of their equity to shareholders of record. About $3.30 US per share of special dividends, so taking care of shareholders has been a major consideration by management.
If you are considering Canopy you need to take a look at the deal they have with Acreage and understand that Constellation is a major player and what they are bringing to the equation. glta and dyodd
Comment by
BigBagofWeed on Apr 05, 2021 2:53pm
Same story repeated so many times. The only ones who made money on CG was those who go in early and dumped at over 60 bucks in 2018.
Comment by
Iminlong on Apr 05, 2021 3:06pm
BigBag, I got in in 2017 at under $9. I didn't sell at $60 in 2018 (should have sold and then bought back in but that's 20/20 vision). I'm still invested, have sold and bought back in a couple of times but that's all. I'm ahead significantly. So are many others. Quite frankly, this is a good time to sit tight in my humble opinion.