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Old Yesterday, 03:38 PM   #351
coordi
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Re: Wanna get high? ... Investing in marijuana

CGC is the defacto leader out of Canada, so while I think it's overpriced, it deserves a bit of a premium. I didn't buy today, but was watching it closely around 40 to find a reentry around 38-39. 45 isn't egregious. You're probably right about CGC buying up anything they can. Tilray is still plummeting steadily so no one else can compete.

Still can't wrap my head around acreage getting a free 300 million for existing and their stock is down on the day. Their cap is only 1b.
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Old Yesterday, 05:04 PM   #352
JKC
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Re: Wanna get high? ... Investing in marijuana

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Originally Posted by coordi View Post
CGC is the defacto leader out of Canada, so while I think it's overpriced, it deserves a bit of a premium. I didn't buy today, but was watching it closely around 40 to find a reentry around 38-39. 45 isn't egregious. You're probably right about CGC buying up anything they can. Tilray is still plummeting steadily so no one else can compete.

Still can't wrap my head around acreage getting a free 300 million for existing and their stock is down on the day. Their cap is only 1b.
That's why I was thinking Acreage holders may not be happy. If you buy acreage it's probably partly because you think U.S. is undervalued relative to canopy. But now you're locked in to Canopys price. Acreage holders probably thought Canopy has 20% or 50% upside at the most, but wouldn't be surprised if it's priced the same or less in 2 years. They probably thought Acreage was a double with 3-4x upside over the next 2 years.
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Old Yesterday, 09:44 PM   #353
coordi
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Re: Wanna get high? ... Investing in marijuana

There would have to be some sort of change if acreage is worth 100 and cgc is 40. That would completely screw shareholders. Maybe they have reasonable assurance this will happen very soon, though that seems highly unlikely. I'm sure some posters here have actual experience on this issue but they never post in this thread lol.
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Old Yesterday, 10:36 PM   #354
JKC
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Re: Wanna get high? ... Investing in marijuana

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There would have to be some sort of change if acreage is worth 100 and cgc is 40. That would completely screw shareholders. Maybe they have reasonable assurance this will happen very soon, though that seems highly unlikely. I'm sure some posters here have actual experience on this issue but they never post in this thread lol.
At this point though that would never happen. They'll trade according to that ratio until the deal is complete. Should be at least a year before the deal goes through.
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