ACRGF - Acreage Holdings: Bad Outcome For Shareholders Selling To Canopy
Acreage Holdings (ACRGF) shareholders woke up to some big news last Thursday. Canopy Growth (CGC), the world's largest cannabis company by market value, announced a deal to buy the rights to acquire Acreage Holdings at a later time when the U.S. legalizes cannabis federally. However, we will discuss the deal and illustrate why Acreage Holdings shareholders aren't so excited about the deal as evidenced by the tepid share price performance post-announcement.
Acreage Holdings Selling for 10% Premium
When Canopy announced the deal to acquire Acreage Holdings, it was structured as a