Acreage: This Canopy Doesn't Protect
Acreage Holdings is down substantially despite the future merger right from Canopy Growth.
The corporate upheaval at Canopy Growth places the merger at risk and raises the prospects of failed math used to consume the deal.
Avoid the stock until Canopy Growth gets on stronger financial footing.
The Canopy Growth (CGC) firing of the founding CEO and the related market ramifications aren't going to help Acreage Holdings (OTCQX: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.
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