Canopy is probably the most glaringexample of how marketmakers and shortsellers can kill a company's potential before it even gets traction.
To me, this is just wrong and being able to sell something you don't own is criminal in my mind. The Big Money brokers and bankers have figured out that short selling is another very lucrative line of revenue or possibly even windfall for lining their pockets.
If they can't outlaw shortselling, shareholders should at least have the option of "not lending" their shares, if they choose, which would add stability and fairness to the stockmarket and help protect investors from brokers that stick together to paint dismal pictures about a company's performance.
Canopy Growth is still a world leader in my mind and led the way, initially, for others to follow.
And they did!
I can't help but feel that their downtrodden shareprice was from a gang beatdown, possibly because of their potential and their US initiative and the protectionist tactics of US potpreneurs.
If Securities and those charged with protecting all stocks, we could lose this very important source of financing from disgruntlement by unresolved issues that causes small investors to believe that they are getting unfair treatment.
I noticed another case of a CSE stock being halted but still continue to be bought or sold on US exchanges, usually down to negligible value. I wrote CSE about this issue and the frequency of it happening and also to find out if a Canadian investor could take posession of those stock certificates and sell them through a US brokerage while they still have some value.\
I am aware of several CSE listed securities in the same boat. CXXI, BRICK, PBIC are just a few that investors can't legally can't liquidate their shares while they get driven down to zero value in the US marketplace.
That is a tough one to swallow and the reply I got from the CSE wasn't helpful or what I consider fair.
I can't believe that Canopy and Acreage have been decimated to the point that they are at while they are set up to amalgamate the two into a huge US domiciled play.
Caldini, Acreage CEO has announced stepping down because the new issue company that is supposed to result from this merger/takeover knows they only need one CEO, although he seems to have had more success at fixing Acreage than Klein has done with Canopy.
Pulling this deal together is as new as the pot biz and there are lots of issues that can be sticking points, especially the legality issue at the Federal level and combining a Canadian branded International player that promises to be formidable and of great concern to US MSO's, I would imagine.
It isn't just Canopy as other Canadian id'd potpreneurs are also putting the US in their crosshairs. It seems that the bloom has fallen off the rose for Canadian LPs due to slow reaction from law and policy makers charged with getting this happening in Canada.
There is another rumbling of another SAFE banking effort and in the same breath, apparently Schumer wants to attack MORE to it which could queer the deal again. That and his voting NO for allowing Veteran based study of the benefits of marijuana and hemp have me wondering how committed he is to the pro pot movement in the US.\
Marijuana needs a level playing field with alcohol and the same access to banking tools that all other US companies are privy to. Big Alcohol has already studied on it and I suspect ready to make those political donations for their cannabinoid investments that they are planning, just like they have done for an ear in regards to fostering their alcohol businesses and getting the laws they need.
Marijuana and hemp players need to go lobbying to get what they need to launch successful cannabinoid businesses in the US.
There will be mergers and takeovers but mostly there will be a huge amount of failures to reduce the amount of competition and the amount of marijuana product available until the strong players can see black ink.
Law of supply and demand and the US is at about the last chance to get on base against the underground market run by gangs and Cartels.
SAFE would be a start to take a jab at the Cartel or they can just hand them the keys to the country.
Good luck Klein to pull this complicated deal together and don't forget the long time investors!
glta and dyodd