I have studied on everything I can find in regards to news about Canopy, Acreage and Constellation, in regards to how our deals fit together.
Of course it can't be that simple as other deals are of consequence like the Greenstar financing company that is Constellation's spin off lending company.
Ever since Constellation piled in to Canopy with that $5 billion investment for Canopy the sentiment has been that Canopy was changing course to the tried and true financial assessment method used by beancounters forever.
Constellation inched their way to controlling shares of Canopy, almost on the qt while they were disseminating a plethora of bad news about how much debt Canopy was in.
The result was a major housecleaning to get rid of all of the losing divisions of manufacturing or non-profit skus.
Canopy is now sitting on the fence, ready to be pushed one way or the other, profit or bankruptcy since Constellation management infiltrated the above mentioned companies.
Not just these companies but they also took advantage of firesale deals on some very good brands that got caught in the downdraft to which they contributed.
While some thought STZ was going to walk away, they were quietly picking up shares or doing loans to stressed brands, for future prosperity.
The news out of Germany sparked up the shareprice of most LPs and MSOs but the big enchilada is the US marketplace being bestowed with some form of legalization, decriminalization, rescheduling or whatever Bill it takes and if it happens will dwarf what Germany's pro-pot news delivered.
Canopy, Acreage and the brands it is partaking in is now a leaned out moneymaking machine waiting for spring rain to launch to it's US potential.
I think that Constellation saw their future expansion of their beverage lines was through Canopy, which gave me pause that they mothballed their Toronto bottling plant for legal thc infused and cbd beverages.
They continued to set themselves up for a future in the cannabinoid business Internationally but focused on the US marketplace.
All of the latest wizard moves by Team Klein have us positioned for huge success when the US gives us some Bills and legislation to go full launch on US soil.
We are going to find out if Klein can pull this off!
Biden needs to get this on the 2024 Presidential ballot to secure those voters who will come out to vote for a marijuana legalization bill and not much else.
glta and dyodd