Acreage stock price forecast analysts tracking Acreage stock price

Analysts tracking Acreage stock price forecast have raised FY2024 EPS estimates by 4%, citing stronger revenue streams from new dispensary openings. This is expected to positively impact share valuation multiples and investor confidence. Sugar prices are moving sharply higher today, with NY sugar posting a 4-week high and London sugar climbing to a 1.5-week high.  Today's dollar weakness (DXY00) is supportive for sugar prices, along with signs of stronger global demand, as Pakistan has placed orders for a total of 320,000 MT of sugar for immediate delivery. In accordance with the Floating Share Acquisition, registered holders of Acreage Floating Shares received 0.045 of a common share of Canopy Growth (each whole share, a " Canopy Share ") for each Acreage Floating Share held by such holder of Acreage Floating Shares. In connection with the Fixed Share Acquisition, each of the outstanding Acreage Fixed Shares was exchanged for a fraction of a Canopy Share per ‎Acreage Fixed Share, as adjusted pursuant to the terms and conditions set forth in the Fixed Share Arrangement. In aggregate, Canopy Growth issued approximately 5.89 million Canopy Shares (with a value equal to approximately US$21.2 million ) to former Acreage shareholders, as well as approximately 306,000 Canopy Shares issuable in connection with Canopy USA's acquisition of the minority interests of certain subsidiaries of Acreage. With recent volume spikes surpassing the 200-day average, Acreage stock price forecast signals a bullish breakout pattern forming. Traders are watching for sustained closes above $2.60 to confirm an upward trend continuation, supported by MACD crossovers.