Post by
geodcan on Aug 30, 2023 4:56pm
LPs
Tilray got the big bang today!
I think it is because of the mixed messaging coming out of the WEED camp. On one hand they are going to save it and in the same sentence they are asking for a consolidation to get the shareprice up to Nasdaq staandards.
Personally, I don't give a ratzazz about the Nasdaq. Prior to them acknowleding the pot industry, most of those US potpreneuers were stock listed on the CSE junior exchange where they were perfectly legal because of Canada's progressive pot legislation.
The Nasdaq only got on board when the NYSE made a very stupid move to remove potpreneurs that touched the product! Huh???
CGC was one of the first to pile on to the Nasdaq and other US potpreneurs followed.
The CSE junior is well known as the cannabis exchange and it is a decent exchange despite the lack of respect from the NYSE, Nasdaq and pinks and such who don't honour decisions handed down by Canadian exchanges. Somebody in the Securities department needs to fix that to stop the US players from trading our companies down while Canadian investors are handtied to halts, suspensions and delistings of the very same companies.
One more job for our politicians to fix for fairness to Canadian investors.
It seems that the spider web that STZ has constructed around Canopy and Acreage for them, may be STZ's spider web that may catch the carcases of Canopy and Acreage for STZ consumption.
I honestly can't tell where they are taking this. On one hand I want to think that they are going to save the companies and follow through with their Canopy USA.LLC holding company that brings all of the moving parts together to be a leader again in the eyes of the world. On the other hand, especially after their consolidation proposal, I imagine them deliberately tanking both theseta companies after bringing them to near break even just by the fact that they won't deal with these concerns that shareholders have.
Maybe today's momentous news that shook up the pot market will help to clarify our direction as to whether we are the spider or dinner for the spider.
glta and dyodd
ps. at least Tilray is on one path which explains a lot why Canopy is always coming in second, to them.