Acreage Holdings Inc (ACRDF)

[geodcan]

Unfortunately investors are sheepling along behind the naysayers as far as Acreage is concerned. I'm off a bit on my commitment to Acreage's cause after the release by Constellation/Canopy in regards to the billion plus loss by Canopy. New greenrush businesses are following in Canopy's footsteps and Bruce Linton had the vision to build Canopy into what it is. Constellation liked the idea and got 4 seats on the board and are trying to change the bottomline for the company. Linton was the dreambuilder and Constellation are the beancounters. Linton left Canopy in a great position for success as the world leader in the greenrush space. To do that, it will have to happen Stateside and along comes Acreage who fit the bill to get a firm foothold for Canopy, when the laws are reformed.
Constellation are money men and I just don't see them running Canopy into the ground and losing their investment or selling it off for the pieces.
It is pretty clear to me that they want to synergize the pieces and make even more money with a focus on beverages. Canopy has been stockpiling cannabinoids for the supply that is going to be necessary for phase 2 in Canada, which is edibles and beverages. The revenue picture is going to be subject to sudden change with edibles becoming legal and even more so when the US gets out from under the skirts of the Feds.
The future value investors liked the gameplan of Linton but the fundamentalists are in the driver's seat looking for a quicker return on investment. Good accounting and marketing will both have their place and Constellation will continue with their record of success.
I do have some dry powder, thanks to Canopy shares, and I am following Linton to see what other greenrush companies he might want to participate in. He is a good pied piper for the greenrush business! glta and dyodd