RE:link to infor re Acreage rto deal e-mailI got a reply and it is basically as I figured at 10x more acrg shares for one Canopy.
My bad e skills cost me the post that I tried to copy so I could post it.
The consolidation deal pretty much wiped out the last of the value that I thought I had in my Acreage A and B shares and Canopy shares would have to go to $1000 a share to make my investment in this company whole again.
The STZ boys are hardcore dollar chasers and have contributed to the decline of both Canopy and Acreage shares with their complicated deals that very few can explain or even understand.
And they still made mention of not doing the Acreage deal which leaves Acreage shareholders up shytcreek without a paddle.
STZ overpaid for Canopy initially but continue on their marijuana and hemp efforts at firesale prices by picking up brands of promise for where they think the market is going.
Not sure why a beverage company would buy Canopy and then close their beverage making capability. I guess the co-bottlers can do it cheaper.
The shares of Canopy and Acreage once had serious value and Canopy was a world leader.
I still think it has huge potential but it has a huge shytstain all over it and those high marketcaps seem to be on STZ's balance sheet.
Canopy needs to get doing business on US soil to survive!