A day of optimism reflected inour shareprice today. Even though we are still racking up millions of dollars worth of losses, we are closing the gap towards profitability.
It absolutely amazes me that with all of todays positivity that it hasn't spun off to STZ and Acreage Holdings. It seems logical to me that STZ being a major shareholder of WEED should have got more of a bump up than it did and nobody wants to discuss what Acreage Holdings brings to this conglomeration of deals waiting to be sprung for Canopy to do business on US soil.
For about the buck and a half of uptick today on WEED, investors could have purchased Acreage floating shares that we are told have a redemption of above $6 per share when the Feds trigger a decriminalization bill or Canopy decides that they will rely on the same State protection that the US MSOs are relying on and building profitable businesses on US soil.
Canadian LPs have a headstart on developing all things marijuana and hemp legally but realistically have been hogtied at every turn to achieve profitability without lobbying for time consuming change to get regualtory authorities to assist rather than police sales and posession limits.
US MSOs have had good success by navigating the realities of the cannabinoid biz in the US which is because of the consumer market size and higher acceptance by the public.
Canopy is well positioned and financed for planting our flag on American soil to bring our formulated and market tested brands to US consumers.
Clearly, at this time, Canopy is hanging back hoping for clearer laws to expand our International intentions to include the US. I sense a lot of protectionism from American business entitites but also sense that Canopy is staying in the race for leadership for this whole new vice business that is unfolding as we go.
Canadian LPs are doing workarounds by doing branding deals with US based potpreneurs and MSOs, Acreage being one of the leaders that are on the verge of profits as their management gets the business lean and mean for joining forces with Canopy Growth.
It is still going to cost a lot of money to bring this home but my gut tells me that STZ put up 5 billion and won't stop there because they intend to be a part of it and not on the outside looking in.
Both Canopy and Acreage have inked a deal for Canopy and Acreage to become one formidable force on US soil and STZ are hardcore players who imagine the future and build towards it. They have lots of transferable skills to bring being beverage pros and there is no denying their success with dividend paying shares and having a marketcap of $46 billion dollars.
It amazes me that a lot of shareholders that know about Canopy have never heard of STZ and Acreage.
We got 15% uptick for a losing money financial report because we are closing in on profits, as is Acreage, our choice for an essential multi state operator that will fly the name of Canopy Growth USA division.
Acreage is my largest investment to date because of the potential and synergies that are going to happen for shareholders.
glta and dyodd