RE:RE:Is it fair to sayI'm not seeing a reverse split because the rest of the US investors that aren't invested in Canopy are going to want shares of a leading LP soon to be MSO.
At one time Canopy was the news and imho, responsible for that deal with Constellation that shook the whole industry to attention and crazy high share price.
If anything I see them doing a one for three to increase the sharefloat to keep a lid on the spike that I anticipate when Canopy completes the deal to merge Canopy and Acreage in to Canopy USA.
We have seen some huge volumes generated on the US side for CGC shares despite the Fed laws on the books and the heavy penalties that come with if the Feds no longer go with the handshake deal they have for legal States to do their own enforcing.
Trading in the US could also be difficult for US investors if their broker or bank is locked in to the Fed rulings.
Canopy getting branded products on shelves in the US will open up a huge marketplace that will make or break pot companies and the expectation is profits which will make their way to the shareprice.
Constellation are hardcore business people that have done deals with several companies to get a US footprint and it seems to be getting closer to reality.
Jmho, but they have first place in the crosshairs and aren't waiting on the US laws to change but willing to go with them the way they are, just like the MSOs.
I hope the Americans take the best of all the pro-pot bills that have been presented and come up with one good bill Federally that gets everybody on the same page and causes the free flow of cannabis and value added products.
In the meantime, Klein has announced that the holes in Canada are being plugged to stop the financial drain and they have a new holding company in the works to merge Canopy and Acreage on US soil and a couple of other great brands that they picked up at sale prices.
glta and dyodd