RainbowRunner wrote: Ledzep - yup, I get that it had to happen at some point .... obviously most of us weren’t, and still aren’t, ready for it. I think I’m almost mad at Bruce for letting the bandits get the better of him. This is all going to be fascinating to review a year from now - if any of us even actually give a sh*t by then because, frankly, it’s gonna take one hell of a personality in whatever new CEO they come up with to make me care about this company as much as Bruce did.
Doobie - I love that you’re so effin pissed, man - pretty sure you speak for a lot of us who’ve been around since 2015/16. I think you’ve been here longer than anybody else and from these sidelines pretty much helped Bruce birth this baby, week after week, month after month. The rest of us were here to burp it and change a few diapers, but you - you’re the original, quintessential loyal shareholder and I totally feel your rage and disgust. “It’s just business”?? Maybe it’s “just business” to the fork-tongued lizards at STZ but to millions of retail investors it’s the end of the reign of the man who got us here. Yeah, yeah - “we need somebody to lead us to the next level”. I just hope to Hell they know what the eff they’re doing. So far, in the biggest upset ever seen in this sector, they’ve given us SQUAT, and that pisses me off royally. I’m hoping that in the not-too-distant future Bruce will talk more openly & candidly about what exactly did happen.
WC78 - yeah, I would think Bruce & Mark “knew” without the words actually being said. As ledzep points out, this hatchet job has been in the works on a “private” level for a while. No doubt the boys could see the writing on the wall.
Well kids, I’m all wrung out on this issue. I’ve got WEED, CGC, RIV & MTLO shares and a whack of others - if I’m lucky, one of those companies is where Bruce lands next. Sadly, either way, I don’t believe there will EVER be another ride like the one he took us on. Gonna miss that, along with his omnipresent tweed jacket & tee and, certainly, that gap-toothed grin of his. Yes indeed.
’Nighty-night boys ‘n girls. As always, this week’s gonna be interesting.
ledzep4u wrote: Rainbow, this did happen over a longer period and I would say at least a few months, if not longer. STZ has controlled the Board since last year and those 4 of 7 members do communicate with each other than at Board meetings (so without Bruce). I understand that this was a shock to us retail investors because of our loyality to Bruce, but it was bound to happen sooner or later. If you read the Globe & Mail article below I previously posted, here are some of the points:
Noam Wasserman, a professor at the University of Southern California Marshall School of Business, discovered through his research that four out of five founder CEOs are forced to step down from their positions. Mr. Linton’s rise and fall at Canopy followed the typical path of ousted CEOs. https://www.theglobeandmail.com/cannabis/article-weeded-out-bruce-linton-being-fired-from-canopy-is-a-sign-the-sector/ Canopy's corporate governance practices were terrible and scored second last of 237 public companies last year. I have previously taken issue with Bruce and his governance practices. See my post from December of last year. https://stockhouse.com/companies/bullboard/t.weed/capital-gold-corporation?postid=29152013