RE:RE:Canopy Growth Announces Financing DealBrokerG wrote: I agree Donwaan. They are in survival mode until full US legalization, which is at best 2026. UNLESS, the US Senate and House go Democrat, then we could see full legalization by 2025. Highly unlikely however. So the next news to drop would be SAFE. That one will also be difficult with Mitch using his fillibuster and requiring 60 votes in the Senate to pass and Speaker Johnson an anti- fun ( marijuana), not willing to bring the vote up to Congress.
Donwaan is correct that the first opportunity to screw, sorry, dilute shareholders, Canopy jumped on.
BG, as mentioned in my last response to your question, dilution is a concern, Canopy remains a going concern officially, and Constellation has reiterated that they will not invest any more money into CGC. They are in a holding pattern in CUSA with all the US assets. That said, until Canopy can turn a profit with Canada and Germany thye will continue to raise money to keep the lights on, regardless of how well they may do in the US. All options belong to Constellation, hence my concern.