RE:RE:RE:RE:RE:Dan Crospy BioSteel I wrote you a reply yesterday but it got snatched right off the page, straight into cyberspace, just like is going to happen to shareholders if Canopy gets consolidated.
The Nasdaq demotion that I talked about isn't a lower level of Nasdaq but a lesser exchange based on lower qualifications like minimum shareprice and marketcap and such. Canopy will no longer be a Nasdaq listed stock but it will trade on lesser exchanges like the OTC or pinks.
The consolidation proposal is the worst thing that can happen to Canopy shareholders and even worse for Acreage shareholders who are already facing a serious haircut in regards to the 3 Acrg shares get you 1 Canopy share and the other class of Acreage shares is 2 Acrg shares get you 1 Canopy. That is no different than a consolidation in my eyes and that isn't the first time it has happened to the Acreage shareholders. I wish that had been run by the court approval process instead of existing shareholders being shackled with the revisited deal.
STZ being on the scene and positioning their management in Canopy, Acreage and some of the other branding deals they have done has not been good for those companies because of their tales of doom and woe.
Initially, it was their $5 billion C investment that jolted the greenrush to life and it seems that they had second thoughts about what they paid but seemed to do everything to decimate the value of the companies while still investing with intent to be a going concern in the US by incorporating the best of what is left of these companies after gutting them or at least their shareprice.
I believe that I have a very good handle on the topic and no matter how they play it, Canopy and Acreage are getting eroded and STZ is positioning at eroded values.
Billions of dollars of value have been made and lost and major shareholders have a lot of influence as to whether a company is doing well or poorly.
If Canopy has done so poorly why did they continue buying it???
There is a big family picture being taken here and Canopy and Acreage are guaranteed to be missing if they push through the consolidation.
I have never had a consolidation happen and I have had a few, that tanked the company in favour of the receivors.
EOS, glta and dyodd
ps. listen to the voice of experience and thank God I am playing with house money!