RE:RE:I bought CGC to own a part of Biosteel STZ's beancounter accounting department took BioSteel at their word which they should have questioned BEFORE they did the deal.
I am sure STZ has plan b in place and will go after whatever value they figure they got screwed out of.
They are very careful in their dealings to make sure they can revisit, re-evaluate or walk away from deals. Check out the Acreage revisit that has STZ managment written all over it despite it is Canopy's deal with Acreage.
Constellation is keeping themselves once removed by just being shareholders which doesn't put Constellationn in any jeapordy.
Oldweed, I agree with most of what you post but have to question how forthcoming STZ is being with their future plans for Canopy and Acreage.
Out of one side of their mouth they are talking about stopping the financial drain on Canopy and Acreage but in almost the same breath they announce a reverse consolidation to get the sp back to a buck as required to keep the Nasdaq listing.
This is a case of actions speaking louder than words and it is not just a rumour in the wind but backed by a proxy mailed to me and everybody else looking for a reverse split to reduce shares of Canopy and jolt the shareprice to the dollar minimum requirement of the Nasdaq.
As a Canopy and Acreage shareholder I am getting that tingling feeling in my rectum that something nasty is coming and question where Klein's team's integrity lies.
My gut tells me that they are die-hard Constellation players and all of that coming to pass will help their marketcap and sharevalue.
The picture they are painting suggests that Canopy and Acreage players are disposable, no matter what they speak of plugging the financail drain on them.
It is looking to me like the new Canopy USA.LLC they speak of will be all set up for success after screwing the good old commonshareholders out of their investments.
The Canopy/Acreage deal is complicated but if all the value is decimated by their tactics will whither on the vine and Constellation will have pulled off a major coup and be the recipients of the spoils and that is nefarious and underhanded.
Get back to the honourable plan Klein and do the right thing!
Screwed-over shareholders need to raise the stakes to the level that bad management types understand to help them restore their integrity.
glta and dyodd