Success will come after failure!US legalization could stir things up to the positive a little but there are too many players and too much supply.
Illegal supply in the US as best guess is over 50% is black market.
WEED has seen fugly but zero is the bottom if Team Klein pulls off their sting that they have built in for a takeover by STZ lending.
Coming up with some new smokeables probably won't change anything for our shareprice.
Possibly getting on with the shareswap with Acreage could help because it would show some initiative for doing business in the US.
The only cost to do that is to print up some more Canopy shares to swap out for the Acreage shares and then they can join forces and capitalize on being a MSO.
Most of the potpreneurs are dealing with too much competition and too much supply and that has to get right or it will remain fugly out!
I am not getting the sense that Canopy has a push on cannabinoid infused beverages despite having about 10 decent ones that they launched in Canada which suprises me because of the Constellation Brands connection who seem to be having second thoughts about cannabinoid beverages after their big $5 billion buy in to Canopy.
Klein has said they aren't waiting on US legalization, so what are they waiting for?
One more miss on positive earnings for Canopy should be enough to declare bankruptcy and STZ lending can swoop in and complete the sting of cutting out Canopy shareholders.