RE:RE:TilrayBluechip2 wrote:
would you have preferred insolvency? Maybe get highjacked with a 120m bought deal financing that would have screwed future SP growth potential? The junior banks had Canadian LP by the cohunas for a long time, now they are profiteering off the US plays due to financial restraints. This buys time for continuation of Okanagan construction as well as building on the vertical integration roll out in California. If you consider what options were available to management rather than the impact on SP and your bank account, it's a little bit comforting knowing they have the means to get to high revenue stage. On the negative side, these guys have to grow a set and get out there on Midas Letter, BNN, etc. And plead their case. The over sensitivity to their perceived competitive advantage is actually penalizing them as the retail market needs assurances from the guys running the business. One thing that propelled Canopy to the 35X multiple was the performance of Linton expressing his views and allowing investors to get to read his signals about future directions. By dissecting his words, there was always clues to use for subtle.guidance. Tony, step it up...
Bluechip that was the most honest post that I've seen you post. Holler needs to apply reassurance here. They are making the right decisions, but this is the same company that basically was promising non dillusion. Now there is 2 bought financing's. This is the same company that was promising financial institution financing (straight from Hollers mouth) Then they didn't realized or forgot to mention that they needed to be a Canadian company only (ie Aurora) in order to get financing. Hence the spinout. Sunniva just admit the mistakes and move on.