Interesting daywith Tilray and Aurora taking the beatdown and Canopy holding it's own!
I believe that financing is key to survival for LPs and MSOs and Tilray just secured $150 million at 5% ish that should help weather the storm that is going to decimate the competition that can't raise survival stakes to get them to the winner's podium.
Canopy held it's own today while waiting for unfiled reports. They still have cash and about a billion of revenue from the parts they want to conjoin into Canopy USA.
They just dropped a management cease trade order which is concerning. Maybe Bruce Linton wants to dump out his shares but if he hasn't so far, that is a vote of confidence.
Operating cash and the ability to raise it in a very depressed cycle for potpreneurs is king.
The underground market isn't helping the legits in their efforts and government needs to act to eliminate them or give them a portion, I'm thinking growing weed, just like they have always been doing but to safe, inspected standards for consumer safety.
LPs and MSOs know there is money to be made in value added skus which consumers are liking, at least the non-smokers.
Failure to deal with the illegal market could have a cartel boss running for President when they bring their formidable forces to bare. I have concerns because I saw what the Proud Boys and Oathkeepers almost pulled off to destroy Democracy in the US and put a tyranical dictator into power.
We don't need another Putin and that is where I see this going if the Republicans get Trump elected or the Cartels who will degrade the US to the same 3rd world country tactics that has the Mexican people fleeing in droves for a safe haven.
I hope Canopy has bottomed out with investors still recognizing the potential of Canopy USA.
We will see if Klein can do it or this succumbs like 95% of potpreneurs are going to.
Supply exceeds demand and there are too many players, especially the illegal players that need to step up or disappear.
glta and dyodd