I understand feeling stuck when you pay big money at IPO and then have the price drop. I bought Rivers a $5.75. Still holding and averaging down because I know it is a good company and they are actually doing something. I know the folks who bought Canopy at $17 and saw it tank to $4 right after Trudeau got elected went through much stress but those who held strong are very happy today. I am bewildered looking at the Acreage website, there are a bunch of holdings all over the place but they do not seem to have any cohesive plan to make them in to a business. The site talks about what they are “going” to do “going” to build. Maybe they have done something but if they have, would it not be the place to trumpet the achievement? The climate in the states is challenging but from what I can tell Acreage brings republican clout with a huge price tag and leases on “potential” growth as the company moves forward. All well and good if Canopy and Acreage combine forces Acreage alone may have the same struggle Aurora and Aphria are having in Canada, a bunch of money guys start a business on what they see as a fad then instead of their usual flip they get stuck trying to build something and have to scramble. Acreage has to compete against MedMen and that will be tough to do looking at what they are showing in their PR. I think the deal is very generous for a company that went public in November. Those who han in through the ups and downs will be happy I think. :)
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