Acreage Holdings is the U.S. cannabis multi-state operator based in New York. In April, the company agreed to be acquired by Canopy Growth for $3.4 billion with a cash payment of $300 million. This stock buyout was priced at 0.5818 shares of CGC for each ACRGF share and is contingent on the US legalizing cannabis federally within seven and a half years. Indeed, the sentiment expressed by some analysts is that this will happen within five years. A likelihood which increases exponentially were the Democrats to win the 2020 presidential election.
The current spread between