One American cannabis company just announced blockbuster results.
487% revenue growth!
Yet unlike the biggest Canadian players, this company couldn’t go public on the NASDAQ or New York Stock Exchange.
Instead, the company quietly went public using the Stealth Crossover IPO.
The company is Acreage Holdings (OTC: ACRGF). And you’ve probably heard of the company.
John Boehner is the former Speaker of the U.S. House of Representatives. Last year he made headlines by joining the company’s board of advisors.
Acreage is one of America’s leading cannabis companies. The company operates in 20 states and is headquartered in New York City.
Yesterday, Acreage released its quarterly earnings report.
Revenues surged by 487%, reaching $12.9 million.
Sales were even higher – at $33.1 million – if you include the financial contributions from pending acquisitions.
In April, Acreage Holdings agreed to be acquired by Canopy Growth (NYSE: CGC). Terms of the deal value Acreage at $3.4 billion and will be finalized once cannabis is federally legal in the U.S.
The acquisition gives Canopy Growth a stronghold in the U.S. market.
That’s important, because the U.S. market is expected to grow to $100 billion. That’s approximately ten times larger than Canada’s projected market size.
The deal also gives Canopy an immediate stream of revenues in the booming U.S. market.
Canopy reported sales of $61 million during the last quarter. The contribution from Acreage could increase Canopy’s sales by 54%.
Acreage has now harnessed its future to Canopy Growth. And that means the upside for Acreage shareholders is really tied to the performance of Canopy shares.
Folks looking for explosive profits from pot stocks must look elsewhere.
My pot stock research has identified a little-known loophole . . .
That allows you to secure shares of top cannabis stocks – before they go public on a major U.S. stock exchange.
It’s something that I call the Stealth Crossover IPO.
Right now, it’s ILLEGAL for American cannabis companies including Acreage to go public on the NYSE or NASDAQ.
That’s because cannabis is still illegal at the federal level in the U.S. .
And this legal uncertainty is the same reason that Canopy won’t acquire Acreage until after the federal government legalizes cannabis.
Canopy Growth shares would be de-listed from the NYSE if the company closed on the Acreage acquisition right now.
My pot stock research shows that early investors collect the biggest profits.
That means you’ve got to secure shares of these new cannabis stocks – right when they start trading . . . EVEN if they’re not listed on the NASDAQ or NYSE.
In fact, I’ve identified 21 American cannabis companies that I expect to go public within the next 90 days.
Click here now for urgent details on my pot stock research and the top five cannabis stocks to BUY NOW.
Yours in Profits,