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Hold up hiroller. Still might be a bit early to make that call.
I feel like it is a no brainier... Almost like I'm missing something. I moved some Canopy into Acreage on Thursday and almost all the rest of it yesterday. Technically I now hold hardly any "Canopy" shares (outside of Rivers, STZ, and AusCann ;)) but I am confident those Acreage shares will turn back into Canopy shares soon.
IMHO consider putting that chunk into Acreage to take advantage of the major arbitrage.
Thanks!
Unreal sometimes Dbrown!
Happy Easter Tucker!
Ding ding ding
Remember good ol' MMPRuser and his arbitrage lectures? If my math is right... selling Canopy to buy Acreage at these prices is an easy 10-15% fyi.
Read the news release. The deal is costing Canopy 300 million. The remainder happens through stock when cannabis is legal in US.
I'm talking specifically about the arbitrage between Acreage and Canopy.
Keep an eye on arbitrage.
Here it is...
Canopy Growth Corp. plans to acquire U.S. marijuana operator Acreage Holdings Inc. in a blockbuster deal that wou...
https://www.bnn.ca/1.1246560.1555590238
I'm listening to CNBC. They just said that they are still working on the deal and that it is "imminent".
Thanks
It was suppose to happen at 6:50 according to this Tweet:
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 http://pbs.twimg.com/media/D4YvjXBWwAAMD7d.png
Huge. Also big for marketing. Major restrictions on advertising in Canada... No problem. Tweed, DNA, Leafs by Snoop, Martha and Seth.
The deal is expected to fetch a premium of about 28 percent to Acreage’s five-day average trading price - or roughly 25 percent of its closing price on Wednesday, the source said.
https://www.reuters.com/article/us-acreage-m-a-canopy-growth-idUSKCN1RT2QO?utm_campaign=trueAnthem:+Trending+Content&utm_content=5cb7c53e154de300015e1cbc&utm_medium=trueAnthem&utm_source=twitter
Bruce and the CEO of Acerage on Fast Money on CNBC at 6:50 AM. CNBC is saying deal is likely to be finalized by phone tonight. Given that they are both scheduled to be on the same show at the same time and given that Tweed doesn't leak, I would say that this is nore than a rumour. :)
Hey D. Where are you hearing 2 billion for the deal.
P.S. Given that it send you likely that Acerage and CGC will have some form of partnership, I think this is relevant:
https://www.globenewswire.com/news-release/2019/04/16/1805097/0/en/Acreage-Holdings-Announces-Closing-Of-Form-Factory-Acquisition.html
Ditto. Rivers is my biggest holding these days.
There he is!
Be happy for the 90%
Just like the old days bud! I'm giddy too. Going to celebrate this speculation with some DNA Lemon to get even more giddy.
They are the same company that tried to to air a commercial on the Super Bowl. The biggest thing to know about them is that former US Speaker of the House, John Boehner, is on their board as is former Canadian Prime Minister, Brian Mulroney.
Very happy after hours Fah. Should make for an exciting night of speculation.
I was just going to speculate on that. I'm thinking the same. Might be a reason why Rivers went up 10%?
I got excited there for a second. 1 billion per month at this stage would make us under valued! ;)
Do you have a link Engage?
Say high 👋 to @highskincare - our newest $RIV $RIV.V portfolio company. Distributed @Sephora, High Beauty has the potential to make #cannabis beauty products mainstream. Learn more: https://t.co/8trpQu10xV #BackedByRIV pic.twitter.com/KrqSVZgoRA
— RIV Capital (@RIVcapital) April 16, 2019
$RIV $RIV.V portfolio company @terrascendcorp today announced that it anticipates 2019 full year revenue exceeding CAD$135 million. #cannabis https://www.newswire.ca/news-releases/terrascend-issues-first-time-full-year-2019-revenue-guidance-804423195.html
For what it's worth. Added significantly today. Shhhhhhh. This is acting a lot like a young Tweed.
Full disclosure: I've never liked Aphria. But to me the most interesting part of their fins was the addition made to their board:
Walter Robb is an investor, mentor and advisor to next generation companies and as former co-CEO of Whole Foods Market,
David Hopkinson serves as Real Madrid Club de Futbol's ("Real Madrid") Global Head of Partnerships.
https://www.newswire.ca/news-releases/aphria-announces-third-quarter-fiscal-2019-financial-results-857227499.html
I started taking Tweed Argyle 15/15 oil before bed and have been feeling great. The DNA Lemon for rec has also been amazing for me.
So we know where we are heading. Maybe a little magic on Monday to help us blast off?
Not a chart but you might be looking for something like this D...
First pot stock Canopy is up 2,139% in 5 years since its debut
https://www.bnnbloomberg.ca/first-pot-stock-canopy-is-up-2-139-in-5-years-since-its-debut-1.1239727
Canopy Growth Corp. (WEED.TO 5.35%), then known as Tweed Inc., listed on Toronto’s TSX Venture Exchange on April 4, 2014 via a reverse takeover of a capital pool company. Shares closed that first day at $2.59 and have gained over 2,139 per cent since then to $58 Thursday morning. If you were lucky enough to sell at its high of $76.91 in October, your return would have been 2,869 per cent.
It's fun in the end zone. Always rowdy!
Season tickets Mezzanine are still not bad for a Dynasty team!
Nice. Rivers reminds me a lot of a 2015 Tweed. I add every two weeks on pay days. :)