Acreage Perspective: Industry and Matt Hawkins

acreage perspective: As one of one of the best capitalized companies in the industry, Canopy Growth CGC, 0.50%WEED, -0.12% has introduced a creative structure to potentially gain a foothold in the United States, the most lucrative global cannabis market, Hawkins wrote in a letter to his own investors, according to Market Watch. From an Acreage perspective, it now has 58 million shares of Canopy Growth injected in the company to continue to make strategic acquisitions and expand across the country. Matt Hawkins, managing partner of Cresco Capital Partners LLC, said Thursday that the 3.4 billion proposed deal is the most significant as well as the biggest deal in the sector so far, and brings a much needed infusion of capital to an industry that is starved of cash. In an industry where capital still costs a premium, this infusion is a tremendous differentiator. Marcato owns a 2.7% state in Acreage's subordinated voting shares. Hawkins was responding to the biggest critic of the deal, activist shareholder Marcato Capital Management LP, which came out against it immediately after its initial announcement by saying it substantially undervalues Acreage Holdings. (news.financializer.com). As reported in the news.