Not very many investors "get it"! Acreage Holdings is Canopy Growths US division waiting on some clear legislation to alleviate fear of Fed action such as seizure of investments and possibly criminal charges. That shyt is still on the books in the US despite what the electorate wants. That is not to say that Canopy isn't taking care of business for their US expansion. They are doing this through branding agreements with Acreage to get those brands on shelves in anticipation of the US imminent greenrush. Right now, investors are heavily reliant on State law to protect them from any Fed action and the Feds seem to be honouring their word. The official event of Canopy swapping out shares of Acreage for Canopy shares, according to the deal they have worked out is going to happen when there is clear concise legislation in place. By my calculation 3 of those Acreage shares at $4 are going to get you a Canopy share that is worth $28 today. There is an if in the deal such that Canopy can walk away but I don't see that happening or they wouldn't have wasted time and effort to re-visit the original deal. Canopy needs what Acreage is for US expansion and their intent is quite clear. They are currently working on a massive New York manu and dist facility that they have pumped 10s of millions of dollars into in addition to the moneys spent to do the deal with Acreage which they need to maintain their leadership in the cannabis business. Canopy is already International with 12 countries and brands are beginning to appear on US shelves. When this all gets cleared up and transpires as planned, Canopy shares are going to get rushed and there won't be enough, so hitting their old high shareprice is going to happen and Acreage is going to respond in kind if it all stays relative. Canopy investors need to crunch the numbers and analyze the risk to see the deal that is waiting for unloved Acreage investors. jmho, glta and dyodd
