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Solid day
Agree, added some today
Rivers looking to partner with someone like Bayer or Syngenta
https://www.outline.com/McmVrr
He’s been liking it here for a while now https://www.tipranks.com/analysts/jason-zandberg
Lol similar deals with terrascend and slang, why weren’t you getting anxiety about it back then too?
Maybe this is why STZ sold some wine to get cash? They can just buy for cheaper on the open market, and then cancel 20 million of the 76.68 priced warrants.
“Constellation would be permitted to purchase up to 20 million Canopy shares in the open market prior to the warrants being exercised or terminated, provided that for each share purchased by Constellation, the number of Tranche B warrants is decreased by one.”
“51.2 million Tranche B warrants, of which 38.4 million, or 75 percent, are exercisable at a price per share of C$76.68”
So they can buy 20 million of the 38.4 million on open market for current market price , then execute the remaining 18.4 million at 76.68 when necessary.....
This also keeps our float down 20 million, and increases buying pressure for open market shares.....
Not to mention getting added to the TSX 60 today....now what can you see what TWTR did starting 6/7/18 when it got added to the S&P 500? Any chance we see that here? Thanks!
I especially like the “60 day plan” leading up to the shareholder vote. Since they have agreed upon a ratio of shares to exchange - I got the sense that the best way for them to win over acreage shareholders is to get the canopy price per share pumped up - as then acreage will follow suit - less a bit of “arbitrage”
CEO’s interview on CNBC
It's a hot pot deal -- @CanopyGrowth agreeing to buy @AcreageCannabis for $3.4B. We talk exclusively with the CEOs. pic.twitter.com/9nLxb1Vqrj
— CNBC's Fast Money (@CNBCFastMoney) April 18, 2019
Don’t forget Seth ;)
Old interview with ACRG from when they were in Austin not long ago....
“Bigger is better” and “mergers in the works” haha
https://www.cnbc.com/video/2019/03/15/watch-cnbcs-interview-with-former-speaker-john-boehner-acreages-kevin-murphy.html
CEO’s on CNBC tomorrow. Twitter verse says $2 billion for 50% ownership
Canopy Growth soaring after hours at it nears a deal to buy Acreage Holdings. Tune in to @SquawkCNBC tomorrow morning at 6:50am when @MelissaLeeCNBC speaks to both their CEOs. $CGC $ACRGF pic.twitter.com/8E2ih6UGIa
— CNBC's Fast Money (@CNBCFastMoney) April 17, 2019
Here is some info about acrg for those that not sure - $22 mil rev last Q and in 18 states for starters.
https://www.statesidecannabisinvestors.com/acreage
Yeah not sure at all, I would speculate that rivers would have to be in the deal? Crazy
How is this possible??
BREAKING: Canopy is near a deal to buy Acreage Holdings. The companies were scheduled to hold a call tonight to finalize a deal. Acreage was not the only takeout target on Canopy's radar. DETAILS tonight @CNBCFastMoney , and what this means for US multi state operators.
— Melissa Lee (@MelissaLeeCNBC) April 17, 2019
Canopy bearing deal to buy Acreage in the US?!?
This👇 but how w NYSE listing?
— Todd Harrison (@todd_harrison) April 17, 2019
*CANOPY GROWTH IS SAID TO BE NEAR DEAL TO BUY ACREAGE HOLDINGS
-BBG
/position $CGC $ACRGF https://t.co/1uom3TPa9g
Piper reiterates overweight & $60 CGC target
https://www.barrons.com/articles/canopy-growth-is-the-best-way-to-play-the-marijuana-boom-analyst-says-51555078473
Not quite 50% - just from 10 weeks to 12.
Do you have a link for that or just your own tracking?
Have you checked inventory? I check online Alberta, tweed main street, ocs, BC, Newfoundland, etc on the regular and canopy consistently has product.
What’s interesting here is Canopy did 87 mil with only 10 weeks of rec last quarter - and now they are lowering expectations to $83 mil with 12 weeks of rec? Also, at the end of March the OCS was loading up to prepare for retail store openings in April...
Like I said from the beginning, I’ll stick to the fins from the company of $23 mil inventory. You can live in the illusion of $600 mil
You stated “$600 million of harvested material ready to go”
Damn, so I guess now it isn’t ready to go? Things change in an hour? Lol
Just a shame they are hiding $575 mil in “inventory” from investors haha
I think you mean their 2018 harvest produced the 2018 revs...I’ll stick with the fins
Lol you might be fudging the numbers just a hair. CWEB reported $23 million in inventory as of 12/31 bub. Quite the stretch to $600 million.
Seth rogan on Kimmel now, repping Houseplant...noticed their Instagram followers passed dna genetics already. That was quick
10,400 over a 4 year period? Jesus that’s chump change
Articles have said it is aurora, not bedro
Wayland says they are one of three groups selected... https://globenewswire.com/news-release/2019/04/04/1797356/0/en/Wayland-Selected-as-One-of-Three-Groups-Pending-Review-Period-for-Cannabis-Production-Licenses-in-Germany.html
Hoping Canopy just doesn’t leak, and that they didn’t just miss out on a Germany license.
Lol yet you are still here! Worst stock ever, but I post on their board every 4 hours haha
Haha you find your in n out burger, we will invest in McDonald’s
Haha looking forward to getting canopy some movie air time soon
Been away from the board so forgive me if it has been mentioned already, but canopy is hiring in Denver, New York, Philly & Atlanta
https://www.canopygrowth.com/careers/job-openings/
Nice work!
Lol I kind of figured!
Just curious if our beloved chartist in this board mentioned how much calls expiring today are up today? I remember he made sure to mention how well puts did on a drop from like $42 to $40 or something......but since I know he’s just reading the chart and has no bias I’m sure he have calls the same shout out.
Yes it is!