Ahh - I see how that can be confusing. If you're looking at just that section of text, it appears (the "Record Date") is "the Initial Effective Date", but I think if you read that drawn out sentence altogether, the "Record Date" is actually being defined as the business day immediately preceding the "Initial Effective Date".

I believe this is incorrect. The "Initial Effective Date" is the 27th as you mentioned, but this is when the agreement comes into effect. The "Record Date" as it relates to the option premium is June 26th, so yesterday would be the last day to purchase to be eligible.

From the NR:

It’s registered share owners as of tomorrow, but that requires a 2 business day settlement time, so yesterday was effectively the cut off

Canopy essentially paid $300 million as premium for the option to purchase acreage at a fixed share ratio instead of a fixed price. The deal still has to be approved by shareholders, exchanges, courts, etc. If its not approved, then they don't get the $300 million, and may even have to pay the $150 million termination fee if their shareholders don't approve the deal - these details (and other transaction details) will be in the information circulars that will be mailed out. Once the deal is approved, acreage is in a binding agreement and doesn't get a change of heart down the road.

That's incorrect - this fee applies only for certain circumstances.

Also plays nice with the fact that the constellation deal was restructured such that exercising their warrants no longer puts them over 50% ownership.

Here's the news release: http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190418:nCNW39ymca

WEED showing as halted too on Interactive Brokers

What? I provided Stats Canada links, not Health Canada links. Have another look at the retail sales by industry for Oct and Nov rec sales. Then you can use the Supply and Demand data to make an estimate on Dec rec sales. You still didn't answer how you came up with the $50 million...

Where are you getting the $50 million from? Stats Canada says $43 million in Oct, $54 million in Nov, and I'm estimating around $57 million in Dec based on Stats Can Demand and Supply data.

Retail Sales
Demand & Supply

I presume you meant Canada did $150 million in rec sales, not $50 million

Feel free to educate yourself with the links I sent you. Here’s an important excerpt from one of them.

Might want to brush up on your basic terminology lol

https://www.investopedia.com/terms/d/dilution.asp

No dilution with split - https://www.investopedia.com/terms/s/stocksplit.asp

no problem! -also just to share my experience so far with IB:

-It seems their system rebalances a 'pool' of shares daily, and the manner it operates is a little unpredictable - for example on Friday, the platform indicated that a short order would be filled if the shares could be located (no shares internally available to short), but all of my shares were returned and not on loan over the weekend despite this.
-I've been getting around 3.75-4% rate to loan out CGC shares, not to be confused with the 20% borrow rate they charge to short. They say they pay out half of the interest they receive, but since everything is pooled and loaned to other brokers at other rates, the rate you receive is much lower than half the borrow rate shown on the platform.
-The quantity of shares on loan changes each day, and on this platform, you won't see the quantity on loan until your daily statement has been processed.

Yes, I believe you're correct - not eligible for registered accounts.

Check out “fully paid securities lending” or “stock yield enhancement program”. as a fellow Canadian, the only Canadian broker that I’ve found that will do this is Interactive Brokers. I recently moved my margin account there for this exact purpose. I also had to have them convert from WEED ticker to US CGC ticker. The only drawback that I’ve found so far with this broker is that they don’t appear to offer margin for any pot stocks.

when they did the deal, there was a clause that gave the lenders an out if there was a significant change to beneficial ownership which was later triggered by the constellation $5B deal. most of the $500M notes came from CB anyways, and they decided not to force canopy to repurchase the notes. -seems this release is mostly a formality.

Deal closed https://www.newswire.ca/news-releases/constellation-brands-5-billion-cad-4-billion-usd-investment-in-canopy-growth-closes-following-shareholder-and-canadian-government-approval-699326811.html?tc=eml_mycnw

Three paragraphs later it is worded “on or about”.

“SpectrumCannabis.com is dedicated to providing you a full range of medical cannabis products, including product from Tweed and the CraftGrow Collection.“

Sounds like the products availability will still be the same?

not sure why its not listed there, but it's listed on Morningstar under institutions (Greenstar Canada Investment Limited Partnership):

http://quote.morningstar.ca/Quicktakes/owners/MajorShareholders.aspx?t=WEED®ion=CAN&culture=en-CA

$1.25/g was the cost in Q2 FY18 - which is essentially 1 year ago. This was also before bringing most of the company's greenhouse space online.

I wonder how much DOJA/HIKU got?

the offer was valued at $1.91/share based on 5 day volume weighted moving averages.

The actual offer is 0.046 canopy shares per HIKU share. HIKU will trade in sync with WEED until the deal is closed or falls through. Its value will be:

HIKU SP = WEED SP * 0.046 - arbitrage amount (risk of deal falling through)

So at the close of today, there's only about 2% arbitrage opportunity ($0.04):

$1.75 = $38.94 * 0.046 - 0.04

If the deal is voted down without having a better deal in place, the HIKU SP will most likely plummet well below the 1.40's, where it was when the deal was announced.

All the stock split stuff is on sedar... June 26 form of proxy and management information circular docs.

that's interesting. nice work & thank you!

its not a leak - there was notice of a special meeting filed on sedar with a notice date of June 20, proxy voting and corresponding materials got mailed out to shareholders of record as of June 20

Building the West Coast team and welcoming Kirk Tousaw and Mat Beren to the Canopy Growth family

https://www.newswire.ca/news-releases/building-the-west-coast-team-and-welcoming-kirk-tousaw-and-mat-beren-to-the-canopy-growth-family-686492351.html

Bob going to lose his mind

doubtful in my opinion - why wouldn't Canopy just retain the ownership of CR shares directly?

Tweed was taken public through a reverse take over in a similar way.

Have a look at the Sedar docs filed in March 2014.

I think it can be fairly quick, especially since they are pushing for it already - I think JT is not letting them go on summer vacation until its finished

no

this summer

Its my understanding that at this point, if it bounces between the house and senate, they are only accepting, amending, or rejecting the amendments, not the entire bill. ie) if the house rejects or amends the senate amendments and the senate votes against the changes, it wouldn't go back to re-drafting the bill - it just bounces back and forth until they come to an agreement.

http://senparlvu.parl.gc.ca/Xrender/en/PowerBrowser/PowerBrowserV2?fk=10491870&globalStreamId=5&useragent=sen&startposition=3134

working for me

Don't over think it. Look at the close on Friday of WEED and TWMJF and the exchange rate, and then look at the current price of WEED, TWMJF, and the current exchange rate... it all lines up.

TWMJf traded Monday on its own, but once the TSX opened today, market participants would quickly take advantage of any arbitrage opportunity between the tickers and they fall back in sync.

when you short - are you really just selling your 5k shares and then buying them back again?

Genetics transfer was in March https://www.newswire.ca/news-releases/canopy-growth-completes-genetics-transfer-to-spain-and-provides-update-on-spanish-operations-and-partnership-677245293.html

Do you realize that those numbers for personal production are not KG's, they are the number of registrations LOL. You incorrectly added the "(kG)" part to personal production.

So you're comparing the number of registered growers to the KG's sold by LP's LOL!!!

Additionally, the number of personal licenses are listed as cumulative, not per month, so this is as relevant as comparing apples to dog turds.

Maybe you shouldn't worry about what other people are spending their money on when you obviously have no clue what you're talking about. HAHAHA LOL