Actually, that's exactly what happened. This time last year before ACB uplisted to the NYSE, it was trading on the TSX and was trading between $12 - $14 CAD...and look where we are now $8 - $9 CAD. After every successive dilutive transaction, the share price took a hit, and then another hit.
Whereas Cnaopy was trading around $35 - $40 CAD, and look where it is now, right around $60 CAD. Which company is looking out better for its shareholders? ACB shot itself in the foot both short-term AND long-term with these dilutive acquisitions, ACB will now be well over 1 Billion shares. It is going to take a long time to see significant shareholder gains due to the massive amount of shares outstanding.
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