Cannabists...this is sad to say...But Constellation is doing a very poor job of shoring up support for Canopy and Acreage. Why have they not announced lay offs yet? Why have they not announced cost cutting initiatives yet? Why have they not provided a plan for less captial burn? It does not make sense since this is a turnaround story now with no turnaround plan in sight.
I hate to say it, but I know think Kevin Murphy at Acreage is a buffoon. He is just a talking head that says things that are over exxagerated and frankly dishonest. He reminds me of that Sh*t Grinner Cam Battley who like a rat just swam away from the sinking ship of Aurora.
Bottom line: it just looks like Constellation is letting Canopy flounder probably with the idea that it will make the acquisition cheaper for them down the road. Linton voiced this concern recently and I have to believe it is Constellation's strategy because I have never seen a company seem to care so little about its acquisition.