Of note, the compenstaion/bonus model is interesting??
"Instead, Aurora’s acquisition of Larssen illustrates the lack of focus demonstrated by the largest cannabis companies: Were they in the business of delighting customers, building greenhouses or selling stock?
Three years later, Aurora quietly admitted in a regulatory filing it was selling Larssen back to its original owner “for a nominal amount.” "In the case of at least Aurora, executive bonuses at the time were partially tied to building cannabis production in Canada and establishing new facilities outside Canada, a regulatory filingshows.
That created an incentive for executives to not only pursue M&A to build up production capacity but also to continue building out their own massive facilities.
They were effectively incentivized to build greenhouses, fueling investor – not consumer – demand."
More at:
https://mjbizdaily.com/how-canadian-cannabis-firms-lost-millions-on-bad-greenhouse-deals/