RE:RE:RE:RE:RE:RE:RE:Reverse Split Canopy Oldweed wrote: For me this will be a pretty straight fwd decision to hold CGC or sell, based on what happens with Boisteel. If CGC sells it to STZ them that will be the warning shot of either STZ taking its piece and selling off the rest. If STZ keeps BIO in the CGC fold then that is the sign they are committed and intend to back CGC as a division.
STZ has something in the area of $4 Billion invested in Canopy so I don't see them walking away that this late in the game. Canopy may have turned a good corner based on the last fincancial report and STZ is likely taking that report into serious consideration for their next move.
IMHO, if STZ buys BioSteel then it is likely doing so in order to inject cash into Canopy without giving up control of BioSteel or passing it over to a competitor. BioSteel can later be sold back to Canopy if STZ would prefer to have it there rather than with it's alchole operation.
I am also watching moves on the part of TLRY lately, I would not be shocked to see them throw a bid in on BioSteel considering how much they have done of late in terms of expanding / reinforcing their drink business.
jmho