6 days left to run the clock out on voting dissentfor ACRG.B floating shareholders.
The bad news has been built in for a long time and we should get some direction on Canopy USA coming together as designed by Constellation Brands.
Sharevalues have been fixed in about the same range for quite awhile so we can see if Constellation can pull this deal off.
Personally, I feel bent over, prostate inspected and pocket picked by the goings on with Acreage, both classes of shares.
I have never discounted the future for a few select potpreneurs and the multi-bagger potential that got everybody excited in the good old days. Canopy is still there but under the thumb of Constellation who have a mega company in the amalgamation process to grab up International leadership for pot and hemp preneurs.
Some say, look at the mess and the sense of doom is very real for the majority of ma and pa startups who think they can grow a little weed on the septic tank and retire in Shangrila.
I don't think there are too many more bad news days for STZ, CGC and Acreage Holdings as they have already been revalued as part of the process implemented by STZ to stay the course with beverages but take on a new legal cannabinoid vice that shows so much promise that they have our competition lining up working out their own rapid action buildouts because they see CHANGE coming as cannabinoids show so much promise.
It is a complicated, difficult goal in the crosshairs but with already serious Mega companies lining up to adress the change they see coming.
Beverage alcohol was first to recognize that the wind was starting to blow from another direction but Pharma, Health, Energy, Tobacco and others are crystal balling a future that included cannabinoids that are beginning to lose that negative stigma of drug abuse in favour of alternatives with a healthier bent, which is where the soft alcohol beverage guys are worried about losing their marketshare because of the word of mouth successes of potpreneurs who are filling a gap for alternative treatments and social beverage supplying of healthier, less sugar, calories and new ShirleyTemple alternatives for those that don't want alcohol anymore.
I voted YES for the merger deal because the big money is calling the shots and wasting more time and money trying to recapture value that won't be there by staying the course, just doesn't make sense.
It isn't a straight line to where I think we could be headed but Canopy, the dreamer pot company combined with the business skills of Constellation and their agressive nature and money making prowess could work past all of the bad things that have happened along the way for Canopy and as the new amalgamated company with a good plan that managment are striving to put together could roar back to where we hoped this would go back when it hit over $75 twice.
I already wrote my Acreage shares off but will be happy to take the 1 new Canopy USA share for 2 Acrg.b shares because Acreage isn't as gutshot as we are being told. I will also take the 1 new share for the 3 Acreage fixed to get the direction set and get things moving.
The big plan pulled together by Constellation STZ, seems like a shytshow but I see a well laid plan with the marketmaker firmly in control to be serious potpeneurs with a heavy investment in beverages which is their wheelhouse and the kind of mangagement that can capitalize as sideline potpreneurs for less familiar skus and all of the other Brands that they are positioning for.
Cannabinoid beverages are the future and all of the competiton is taking a look, some with pockets full of cash. If not them then marketfunds who want the upside that they have only had a look at from the good old days in Canada.
Technicially the US is low hanging fruit because the polticians haven't dealt with the issues. My sense is this is going to happen with 2024 on the horizon and the political gains to be had by the party that gets credit for advancing this to the potential it has.
Canopy has already put the US on notice that they are writing down Canada with full intentions of doing business on US soil, ready or not!
A lot of those political dollars that get government people elected are going to come from that big que of businesspeople like STZ, AB, HEINY, PHIZER, Molson Coors and tobacco companies too.
Constellation/Canopy are just showing their leadership by being first and capitalizing on all of the investments they are making for Canopy USA at lowball prices is smart business.
Only time will tell how they treat the first run of investors but STZ is a going, growing concern that remembers commonshareholders with decent dividends and inspiration to move forward in beat down fields.
glta and dyodd