ACRGF - Acreage Holdings: Falling To All-Time Low

Acreage Holdings (OTCQX:ACRGF) shares fell to unprecedented levels in the aftermath of its sale to Canopy Growth (CGC). We actually somewhat predicted such an outcome in our analysis published shortly after the deal was announced. Despite the recent challenges, we think Acreage's underperformance will likely persist due to the fundamental disconnect between its performance and complicated relationship with Canopy.

(All amounts in USD)

All-Time Low

Acreage shares closed at $8.62 last Friday which is 65% lower than the $25 per share based on which it raised $314 million during the RTO.