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I’m guessing you’re just calculating what level of retirement you’re shooting for at this point. :)
14.81% on vff nasdaq
Personal stories go a long way. Cbd is really helping me. That’s that.
Nothing could ever beat that 33% premarket day when the stz news came out :)
Bruce on the other hand has cast many dispersions on the retail investors. I don’t blame him cause the funds and stuff need sucking up too. But as for a split to attract retail investors? That would not be the reason.
Oh I wasn’t casting dispersions. I was just wishing money on us with the :$. I could live without a subscription.
Still my opinion that the thinking was it was either the stz deal or a split.
Canopy is a class act.
Lol. Oh man. So what date do they count the shares is still eluding me. I’ll read it again. :) Thanks
Vff still at that stage where it gets preyed upon through hype. Great open, tough after that, not bad recovery. The volatility will be worth it imo.
Soooo much going on at Canopy. Bullish af. “Based on the data provided, it seems to me like Canopy's unending appetite continues to be (and will continue to be for the foreseeable future) a source of potential value creation for investors.” https://seekingalpha.com/amp/article/4266057-another-eye-opening-move-canopy-growth-corp
If I’m not mistaken June 21st is the day you want to own shares here to qualify for the cash bonus of $2.55+ per share. Vote is on the 19th so not 100% sure you shouldn’t own them on that date already....vote tabulation announcement is the 21st.
The way things Could work out makes me giddy :) 5 years of pleasant surprises with Canopy. Some artist in the crowd here should knock out a picture of Bruce pulling a rabbit out of a hat :)
If I read correctly acreage shareholders get the bonus after a yes vote next month. I don’t know if that’s the 19th when the vote is or the 21st when it is tabulated. Guessing the 21st.
Wish I knew that much. I know a good copy and paste when I see one though :)
I think the real bottom line is if the nyse will approve any of our moves or not.
Some etf rebalancing to keep an eye on.
A big reason for volume upticks from 3/1-3/15 was ETF rebalancing + some good news & a few squeezes let this be a roadmap for u as next rebalance is June 1st-17th for $mj & $hmmj, expect CO’s with biggest % pullback from now til then to be bought up in June & pullback July/August pic.twitter.com/idlpcjyVhF
— Jason Spatafora (@WolfOfWeedST) March 24, 2019
Thanks. Inching closer to the “triggering event” for the acreage deal to go through.
Nice. Love the international feel.
Looking at the scoreboard I think I know my bet.
Playing the market is betting on a series of options being taken. Mmpr/to legal/to international/to the US etc.
https://www.reddit.com/r/weedstocks/comments/bg632w/the_markets_misunderstanding_of_canopy_growths/
The market seems to be confused about the terms and implications of Canopy Growth Corporation’s (CGC) proposed acquisition 100 percent of the shares of Acreage Holdings, Inc. (ACRGF).
I’ve come to this conclusion because (1) there has been a lot of discussion in the ‘Casual Daily Discussion’ in the days since the deal was announced with regard to the implications of the share exchange and (2) at the time of this post, ACRGF is trading down ~1.5% for the day ($22.1785*) and CGC is trading up ~7.2% for the day ($47.76).
(*According to Fidelity.)
THE DEAL MECHANICS:
The mechanics of the deal are simple. AT THE TIME THE ACQUISITION OCCURS, for every one (1) share of ACRGF you own, you will receive .5818 shares of CGC (the “exchange”). For example, if you own 100 shares of ACRGF, you will receive roughly 58.18 shares of CGC (subject to rounding conventions, of course, but you receive the value of the .18 one way or another) in the exchange.
I emphasis the words “at the time the acquisition occurs,” because many people seem to think that the value of the conversion is pegged to the value of a CGC share at the time the deal was struck (i.e., April 18, 2019), it is not! Rather, the value of the conversion will be pegged to the value of a CGC share at the time of the exchange occurs, which remains uncertain at this time (discussed below).
TIMING:
According to the terms of the agreement, the CGC-ACRGF deal will be triggered upon “federal legalization of cannabis in the United States.” An uncertain time in the future, no doubt. Of particular interest is how this will be determined. I have to assume this will hinge, in large part, on when the TSX and the NYSE get comfortable with allowing an entity to stay listed despite operating in the U.S. My gut tells me this could come as early as the passage of the STATES ACT, but we can’t know that for sure.
THE ANALYSIS:
This is where this post gets interesting.
As mentioned above, ACRGF is currently trading at $22.1785 per share. Accordingly, if you were to purchase 100 shares of ACRGF right now, it would cost you $2,217.85.
If you made the above purchase and CGC were able to execute its right to purchase those ACRGF shares from you right now, you would receive 58.18 shares of CGC currently valued at $47.76 per share or $2,778.68 in the aggregate (a premium of $560.83 over the price you paid).
That means that you would receive a 25.29% discount on the purchase price of a CGC share—very significant IMO.
CONCLUSIONS:
If you believe, as I do, that (1) the U.S. will legalize cannabis in the foreseeable future (i.e. the next 18-36 months), (2) the Canopy-Acreage deal will get done at some point and (3) that most other investors agree with items (1) and (2), you may agree with me that current share price differential is not the result of the market building in the risk of the deal not closing but rather a misunderstanding of the mechanics of the deal OR the inability of institutions to buy ACRGF and that:
Continuing to monitor the comparative share prices of CGC and ACRGF can yield you a considerable premium.
That you should NOT directly buy CGC. Instead, you should buy ACRGF for the equivalent of 25% discounted shares of CGC.
In sum, for me, the inevitability of U.S. legalization coupled with the industry and political power of the Constellation-CGC-ACRGF team making this deal a nearly sure thing and buying discounted shares of CGC now via ACRGF will deliver significant returns in the future.
As always, I am open to further discussion on this topic and being persuaded otherwise.
“The market seems to be confused about the terms and implications of Canopy Growth Corporation’s (CGC) proposed acquisition 100 percent of the shares of Acreage Holdings, Inc. (ACRGF).
I’ve come to this conclusion because (1) there has been a lot of discussion in the ‘Casual Daily Discussion’ in the days since the deal was announced with regard to the implications of the share exchange and (2) at the time of this post, ACRGF is trading down ~1.5% for the day ($22.1785*) and CGC is trading up ~7.2% for the day ($47.76).
(*According to Fidelity.)
THE DEAL MECHANICS:
The mechanics of the deal are simple. AT THE TIME THE ACQUISITION OCCURS, for every one (1) share of ACRGF you own, you will receive .5818 shares of CGC (the “exchange”). For example, if you own 100 shares of ACRGF, you will receive roughly 58.18 shares of CGC (subject to rounding conventions, of course, but you receive the value of the .18 one way or another) in the exchange.
I emphasis the words “at the time the acquisition occurs,” because many people seem to think that the value of the conversion is pegged to the value of a CGC share at the time the deal was struck (i.e., April 18, 2019), it is not! Rather, the value of the conversion will be pegged to the value of a CGC share at the time of the exchange occurs, which remains uncertain at this time (discussed below).
TIMING:
According to the terms of the agreement, the CGC-ACRGF deal will be triggered upon “federal legalization of cannabis in the United States.” An uncertain time in the future, no doubt. Of particular interest is how this will be determined. I have to assume this will hinge, in large part, on when the TSX and the NYSE get comfortable with allowing an entity to stay listed despite operating in the U.S. My gut tells me this could come as early as the passage of the STATES ACT, but we can’t know that for sure.
THE ANALYSIS:
This is where this post gets interesting.
As mentioned above, ACRGF is currently trading at $22.1785 per share. Accordingly, if you were to purchase 100 shares of ACRGF right now, it would cost you $2,217.85.
If you made the above purchase and CGC were able to execute its right to purchase those ACRGF shares from you right now, you would receive 58.18 shares of CGC currently valued at $47.76 per share or $2,778.68 in the aggregate (a premium of $560.83 over the price you paid).
That means that you would receive a 25.29% discount on the purchase price of a CGC share—very significant IMO.
CONCLUSIONS:
If you believe, as I do, that (1) the U.S. will legalize cannabis in the foreseeable future (i.e. the next 18-36 months), (2) the Canopy-Acreage deal will get done at some point and (3) that most other investors agree with items (1) and (2), you may agree with me that current share price differential is not the result of the market building in the risk of the deal not closing but rather a misunderstanding of the mechanics of the deal OR the inability of institutions to buy ACRGF and that:
Continuing to monitor the comparative share prices of CGC and ACRGF can yield you a considerable premium.
That you should NOT directly buy CGC. Instead, you should buy ACRGF for the equivalent of 25% discounted shares of CGC.
In sum, for me, the inevitability of U.S. legalization coupled with the industry and political power of the Constellation-CGC-ACRGF team making this deal a nearly sure thing and buying discounted shares of CGC now via ACRGF will deliver significant returns in the future.
As always, I am open to further discussion on this topic and being persuaded otherwise. https://www.reddit.com/r/weedstocks/comments/bg632w/the_markets_misunderstanding_of_canopy_growths/
That mad money is going to help.
Hurr tis.
$VFF for those who want to see the cliphttps://t.co/4B6lXu2vuY$gwph $cron $tlry $cgc $ogi $apha
— Bullion Nation™ (@BullionNation) May 21, 2019
See if the mad money effect carries over. At least we’re getting one thing after another. Exposure.
Wicked pissah mush. (that’s great guy!) :)
Mahtha as we say it here :)
A rousing close!
Publicity is good.
The open looks green :)
“Mike brings a wealth of experience from the consumer goods & beverages industry, having worked for companies such as E. & J. Gallo Winery, PepsiCo, and recently Constellation Brands, where he served as Senior Vice President & CFO for their US$3B Wine & Spirits Division. ” :)
I can’t find any specific day, I think because the meeting was not set, looks like the up coming meeting date for acreage is the day your holdings count, maybe :) “Following the approval of Canopy Growth and Acreage shareholders as well as the Supreme Court of British Columbia, under the terms of the arrangement agreement (the "Agreement"), Acreage Holders (as defined below) will receive an immediate aggregate total payment of US$300 million or approximately US$2.55 per Acreage Subordinate Voting Share (the "Up-Front Cash Premium") based on the currently outstanding Subordinate Voting Shares of Acreage and conversion of certain convertible ?securities described below.”
The vote is June 19th
The announcement of the vote results is the 21st
http://investors.acreageholdings.com/file/Index?KeyFile=397571916
Enjoy the free 16k or so canopy shares :)
You two remind of the the guy trying to drop kick Arnold.
Nice lp revenue graph. https://twitter.com/cannabisnewsdd/status/1129813061630668801?s=21
sigh life is a many splendored thing