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Hey guys,
Question regarding the ARCDF shares.
So I get that they have the option to acquire them at the 30 day avg and min price of $6.41 I think it was. Do they convert to Canopy shares at that point? And at what ratio?
If they opt to not acquire them do they just get canceled and you get the cash value at close?
The Acrhf will convert at the rate of of roughly 30%.
Just trying to figure out which if any I should avg down at this point since I was in pretty high pre split.
Not unless canopy is over $90 Don't see that.
Happyglass,
So is the initial effective date the day of the vote? Or is it when the merger happens?
Anyone have a link to current insider ownership?
I know what CGC brings to the table. I was a CGC sharehold. But I think many who bought the IPO are pissed. 1:1 is stupid the two companies don't even compare. But maybe if they came back at 1:65 or something might win more those guys over.
I think its if you bought the last offering at $25 a share you feel you aren't getting enough. Most I think anticipated being further along. Acreage has kind of gone sideways since inception.
People should be looking at this deal as a way to get canopy shares at a discount. Acrg will likely never be able to compete with canopy. Let the spread widen just better for acrg holders.
I emailed them about that. It sounds like it will be holders on day it's approved
That 300 mill isn't going to canopy it's going to the shareholders in the form of 2.55 each share
Based on current prices. 300 mil cash to be paid to each shareholder at 2.55 a share and each share of acreages pegged at .5818 share canopy if they get bought out upon federal legalization or banking changes
Well I guess we take our $2.55 a share cash when insiders vote this through and wait and hope Canopy goes on a a tear. Otherwise if this goes to the moon after the June vote we only get .58 a shares of CGC. Best case is the spread widens and we can avg down and get into canopy cheaper.
Not the worst deal in the world but its really only truly sweet for those who were early insiders. Everyone else gets a meh deal. I was thinking we would've been upwards of $30 by summer anyways.
Any update on the banking bill?
Better do something. All the others US MSO have run and we're just spinning our tires.
Source? Or is you that is the source?
Probably because its on the grey sheets for us investors? I don't know how it works for US investors but I think some have restrictions on buying stocks like that.
Well it does say it on the street website but it's clearly wrong. It also says market cap is only 370 million or something so that doesn't add up either lol
Exactly.
I think our problem right now is the grey markets making it more difficult for some US investors. I think once it gets on OTC we may get more volume.
What are you talking bout?
There isn't one. It's traded in USD on cse
This just talks about Kevin Murphy's ownership
Nice recovery into close. Earnings weren't bad. An over reaction imo.
Idk.. this whole sector is a coin toss at this point. I'm looking at this stock as a 2-5 year plan imo. Thinking about federal legalization in US.
Plus isn't this Q3 earnings? So this still have 1q left to hit their 80 mil target
Well fingers crossed.. I sold this turd a weeks ago and bout acreage holdings. Earnings today so let's hope for something good.
He resigned. He's acting in an advisory role in the meantime. Probably collecting an extra cheque to do so
Our opinions include what happened only months ago.
5 drugs equalling near nothing in revenue but costing shareholders huge in bonuses
No it was the presentation I think for the pre IPO
Both are traded in USD
Think you're looking at wrong ticker
Well what I can tell you is from their Oct investor presentation they estimated that 2018 year revenue was going to be Just over 80 mil.
Exactly... I can't see for the life why they can't give some sort of revenue guidance from it. Maybe I'm a hater at this point. But given what I lost with this I earned it. We saw the same things others are seeing now as opportunity prior to the collapse. And maybe now finally is a good entry point. But I doubt we see $10-$20 dollars a share that most of us first round holders need.
I sold out just about most of my position and put it in Acreage Holdings. Hoping for that recoups some of my losses. I held IPCI in registered accounts so I don't get the luxury of a capital gains loss unfortunately. I still have a few shares left in my LIRA which is virtually worthless. It will serve as a nice reminder for the future.
It's day 3 of trading and it's up 30% because it's not a straight line up doesn't mean it's tanking..
They would likely need to vote again on it I would think
Yeah no clue what acrzf is. I'm always sceptical about stuff posted on this site though... At least acrg is right on their site.
You were calling big news a week ago. Only you were implying it was going the other way.
First off no one believe you bought x shares. And when we were at $3+ post rs we had 2 million less shares and nevermind the warrants with no lock up. So explain to me if I had warrants at .75 why wouldn't they be executed above $1?
Amazing isn't it. The audacity to show his face still
They never told him half the stuff he alleges
Like clockwork. Impact is on stock twits and we see red next day. You can set your clocks to it.