BNN todayare mentioning the deal that they are busy revisiting for rapid setup on US soil.
It is just as confusing as the rest of this complicated deal to join these assets together in a better chance environment...............and just as vague and unexplained from an investor's point of view.
I'm guessing that most investors in WEED, CGC and ACRG are underwater and at the mercy of STZ management trusting that they will deliver as they have for STZ shareholders.
Crazy-azz complicated but they believe that they can pull the best of these companies together in the US where some of the potpreneurs have been able to show profits.
Canopy is still a leading marijuana company imo and their pick was Acreage MSO because it is a going concern on US soil that would complement what investors expect as far as joining these together.
STZ probably paid too much for their shares in Canopy but kept on picking up US assets and backing others with financing while the whole market was "on sale"! That strikes me as either foolish or confident.
They have built a hardcore business entity with Constellation Brands STZ and STZ is the major shareholder of WEED shares.
They will protect STZ to the end and will continue to merge Canopy to the US.
I believe they will continue to finance this deal because of their strength as STZ and their ability to earn or raise finances which will be the line in the sand for most other potpreneurs.
US politics coming to the party to actually aid and assist their cannabinoid effort is step one towards curtailing the illegal market of cartels and gangs who have raised the stakes to scary heights.
Not proceeding is admitting defeat to the criminal element!
glta and dyodd