$Pistol Pete$, $Mick$ & Friends Stock Picks /news, DD and charts

[mick]

Buy Acreage Stock
Finally, for those investors willing to take on a little more risk, you can buy shares of Acreage Holdings (CSE: ACRG, OTC: ACRGF). Canopy is buying Acreage, of course, but the market is valuing Acreage shares as if it has big doubts about when the transaction might close or even if it will close at all.

Canopy shares have declined since the Acreage deal was announced in April of this year, but Acreage shares have declined even more. That means that if you are confident that the Canopy/Acreage deal will close – and I am confident – then you can “own” Canopy shares at a big discount by buying Acreage shares for around $15.10 per share.

The Canopy shares you’d receive for Acreage would be valued at around $23.35 as of this writing, and that’s a 55% profit.

Again, this strategy is a little riskier, but it offers a potential quick double-digit gain.