Ayr Wellness Inc (AYRWF)

[Value516]

Cannabis warrants - Does anyone else think it is kinda crazy that the warrants are trading with essentially 0% implied volatility? They expire 5 years from now, but from what I can tell they are trading just at intrinsic value (CSA stock price - $11.50 strike price). There doesn't seem to be any premium priced in for the 5 year option. If you pull up the option chain for Canopy, I recall seeing implied volatility of +50% for their 2021 options (2 years, not 5 years). Is there anything else I may be missing or is that the opportunity staring at us in the face.