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IMO politics are very relevant when it comes to trying to predict the future climate for cannabis and Canopy etc. But beyond that it is best to leave politics off the board imo. Let's talk about our favourite cheese or best places to sail or something else.
...and if Canopy undervalued them the price per share of Acreage should be rising not falling.
Cheers Sailor. And thank you as well.
Do you know when double eagle? Love watching his interviews. He usually drops a hint or two.
Finally some Acreage arbitrage shrinkage. The only good kind of shrinkage I can think of ;)
Hi flyer. I have looked into this before. Interactive Brokers had the option for Canadians but not sure of the feasibility within a registered account. I also believe you would need to purchase the US equivalent in your account. However when I looked into moving my funds from my direct investing accounting to them I recall giving up due to the complications. But if you are serious, I advise you call Interactive Brokers.
Acreage Holdings Posts CEO Note and Responses to Frequently Asked Questions Regarding Proposed Transaction with Canopy Growth
http://investors.acreageholdings.com/CustomPage/Index?KeyGenPage=470301
This might help bud
https://www.interactivebrokers.ca/en/index.php?f=13406&p=tfsa
Looks like a few of us are in the same boat.
Cheers
Jstern... I'm in the same boat. We both bought on the Canadian market but for whatever reason it is in USD. I'm under the impression the exchange is calculated and the shares convert to $WEED.
Got my hands on the LBS Ocean View and the Tweed Houndstooth. Plan on trying in the next couple days. So far I have been blown away with their products. I especially like the DNA stuff. The LBS I have tried was great but I'm not an Indica guy so I am very excited to try the Ocean View sativa.
That was my plan at first Dbrown but as the arbitrage gap grew I continued to add. I literally have 2 shares of CGC left that I just couldn't sell for nostalgic purposes (and I like seeing the percentage gain in my account next to those shares). Of course the plan is to have these Acreage shares turn back into even more WEED shares.
Haha!
Here's an interview with the Acreage CEO about the deal and the nearly 40% arbitrage that can be taken advantage of.
Acreage Holdings CEO Kevin Murphy defending his deal to be acquired by Canopy Growth:
— Zack Guzmán (@zGuz) April 29, 2019
“We’ve hedged the downside,” he tells me. “Not all the companies in cannabis today need to exist and they won’t exist.”$CGC $ACRGF #Cannabis pic.twitter.com/5GhbjXTpRq
Me too!
Thanks for the update Wo! I still have a small position in the company and had not seen much news lately. Thanks for sharing.
So much for arbitrage working at the moment. A share of Acreage "should" be $30 USD right now. In any event I'm still cheering this run. Go Canopy go! (And hurry up and catch up Acreage).
This is great...but common Acreage, please keep up!
Thanks for heads up. Had not heard of that before.
Agree. I buy the mini Boveda humidifier packs and add to the container. All LPs are required to adhere to certain drying standards which most costumers find too dry. Apparently some LPs have begun shipping Boveda packs with the product.
The only non Canopy product that I have tried and enjoyed is the San Rafael Tangerine Dream.
I can also attest to the quality of their product. I think I have tried all of their available products on the OCS. I can say the DNA stuff is the best I have ever had in my entire life. My favourite is the Lemon Skunk. The LBS stuff is also great although I have only had a chance to try the Indica. I'm not an Indica guy but the taste was unique and the quality superb. I'm also a big fan of their oils. In particular, the Tweed Argyle.
No. Got approval yesterday. It's up to them to pick the day to open. I'm guessing they would time it with other news or announcements to get the most attention possible. Saturday sounds like a good day to me. Can't wait to visit one day.
... And a brand new Tokyo Smoke store in your neck of the woods. Enjoy!
For the not too distant future a double is not out of the question.
I do. Almost 3000%!
Expecting a full report this weekend Spectre ;) Pick me up some DNA Lemon while you're there!
Looks like Tokyo Smoke is approved to open in Toronto at that iconic intersection. Great timing. Surely lots of news drops on the way.
https://www.agco.ca/cannabis-retail-regulation-facts
Take advantage while they last or you'll end up like this dog:
Here is the Cole's note version:
- Acreage last traded at roughly $22 USD.
- $WEED last traded at roughly $65 CDN.
- The US/CDN exchange rate is roughly 34 cents on the dollar.
- Acreage shareholders will get 0.5818 of a share of Canopy when the deal goes through.
65 X 0.5818 = 37.8 (That's how much an Acreage share should be right now in CDN)
22 X 1.34 = 29.48 (That's how much per share Acreage is actually trading at).
The gap between is the arbitrage.
Way more than that. The arbitrage gap is over 30%.
Definitely not too late. The arbitrage % is out of control! Sure, this deal is more complicated than the Mettrum and Bedrocan deals but common sense tells me it is a no brainer the deal will close sooner rather than later. If you look into the structure of the deal and listen to Bruce explain it, I bet any fears of taking advantage of the gap will be put to rest. Personally, I initially moved a portion of Canopy into Acreage when the agreement was announced. Since then I have fully moved my entire stash of $WEED into Acreage. The opportunity is just too big to ignore imho.
Hey Stoner! Boring is good in investing. Remember the long stretches when Tweed was stagnant? Rivers is behaving a lot like a young Tweed. I'm in it heavy for what it's worth.
Thanks Engage. When you watch the TD video he seems almost to be speaking directly to potential suitors.
I need a six pack of Tweed & Tonics to calm down and/or celebrate after watching that video!
A trillion is a big #.
“if you start spending a million dollars every single day since Jesus was born, you still wouldn’t have spend a trillion dollars”.
Cheers John. Fair enough. Good to hear from you. Hope all is well!
“We estimate consumer categories generating $2.6 trillion per year in revenue could be disrupted by #cannabis,” notes @MerrillLynch https://mjbizdaily.com/merrill-lynch-cannabis-coverage/