RE:RE:RE:RE:RE:RE:RE:RE:RE:New Interview with Beena on Canopy DealGood to hear joh respected voices of support are what is needed, be a shame to see it fail for the wrong reasons. Weed is expanding in the US and it sounds like they are lining up what ever they need to take some share in the market sooner rather than later.
Beena will be pretty busy up here for a while...who knows what hat/ hats she will be wearing in WEED but there is a lot to do with getting things set up up here...they will need to get the full line up, plus shelved and stock to support it all right away. We should be seeing some pretty high quality CCs coming soon and often just to get the WEED shelf spaced filled across the country.
They would have to have serious advertising and parafernalia in all those stores by deal closing day and whatever else they need to do to inform folks before the vote, with all the bullshite out there. JMHO...Opt
johnale wrote: I've been reserving judgement until we heard from Beena and now that she has spoken - I get it.
She must have mentioned USA about 100 times.... and it seems like that's where all the investment and focus is now.
Canada has gotten really tough with covid, ogi and aphria revenues were downright frightening - and we may be in for some shock come mid may.
BUT - Supreme now has canopy to support its share price. Downside is limited, shareholders protected.
I think back half 2022 - when canopy goes ebita positive and starts generating revenues from USA - canopy could see some all time highs - and supreme adjusted will be 1 buck range.
All in all - Beena gave up some potential upside with supreme (although not guaranteed) in order to provide a safer investment for current shareholders. I still maintain 435mil was fair dollar wise - and I don't this you get that valuation without having raised cash and sitting on no debt essentially.
either way - right now supreme would probably be sitting in low 20's without this deal. So it's a short term win with that alone.
Disclosure - I exited 75% of my position when the deal was announced. But I will watch to re-enter later this year when covid settles and Canadian LPs are on better footing.