Canopy USA's Acquisition Of Acreage Could Mean Staggering Losses For Some Shareholders
Acreage Holdings, Inc. (CSE:ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) said it anticipates that Canopy USA, LLC -Canopy Growth Corporation‘s (TSX: WEED) (NASDAQ: CGC) strategy for capturing the U.S. cannabis - will complete its acquisition of Acreage by mid-December, 2024.The move could leave holders of Acreage's Class E shares (fixed shares) with nothing. That is, if Canopy's stock price price remains below $5 when the deal closes, Acreage said in Monday's press release.
