Keep the important stuff in viewfront and foremost. Consolidation proposal is one step closer to happening. This will take out the long term common shareholders of Canopy and Acreage which are in lockstep right now.
I want to see a nr spelling out progress on the Canopy/Acreage rto deal that has already been announced that Canopy is going to foresake US legalization that once was so critical to triggering this deal.
What is happening there team Klein?
These two issues alone could spell out the demise or success of our Canadian LPs that are feeling the burn this morning.
All that is left is running the printing presses and delivering Canopy shares to swap for Acreage shares and we should be Canopy USA, the market of hope for potpreneurs.
SAFE isn't going to do much for Canopy as they can continue to raise operating capital without the banks but at these beat down values of our shareprice it creates a lot of dilution of the float.
If Klein straightens up and quits sending mixed signals as to what his intentions are for Canopy, it would give confidence to investors.
In one breath he is going to save the company and in the other he is setting it up for a takeover by the lenders and preferred shareholders.
If they activate the consolidation, that action will speak louder than his cost cutting measures to turn us to profitability.
It looks to me like STZ lending will take the wheel and then it will be full speed ahead with premium assets of potential and a changed, positive effort to grow the old Canopy and Acreage companies to success.
I believe this is the 9th time for the Senate to pass this and that it has been reworked close to 120 times to tweak it for acceptance.
Don't hold your breath! McConnel is on record as a naysayer forever.
This is US politics at it's most disfunctional!
US politicians are getting job security and tenure by churning this one bill proposal.
The two party system in the US is screaming for the 3rd party to bring some commonsense to their political system.
glta and dyodd