The Canopy Growth (CGC) firing of the founding CEO and the related market ramifications aren't going to help Acreage Holdings (ACRGF) shareholders. The original merger was heralded as a big premium for Acreage shareholders, but the stock hasn't fared well and the risk is to the downside unless the merger dissolves.
Image Source: Acreage Holdings website
Bad Deal
On April 18, Canopy Growth announced the intent to acquire the right to purchase Acreage Holdings once a triggering event occurred. Basically, the deal gave Canopy Growth the right to purchase the U.S.