RE:Looks LikeI don't see Canopy taking control of Indiva because it doesn't really fit their asset lite model where they are subbing everything including their beverages which I held high hopes for.
Contracting with Indiva gives them the option of going with somebody cheaper if it happens.
I don't think Canopy could compete on the gummies by making them themselves but all of that being said, Canopy picked up other winners like Terra, Wana, Stors and Bickel along the way while shutting down their own production.
Canada needs a lot of sorting out before any money is made here and I think the focus for Canopy is the US or they could go for pharma labelled skus and make them in Canada, from safe supply sources and deliver them as pharma products to States that allow.
Indiva seems to be delivering high quality products and are classified as leaders for edibles in Canada as a co-manufacturer for others and developed their own lines with their own labels.
Canopy jumped on Germany news where Klein said they are number 3 for pharma skus but still need to deliver on their contract with Acreage to join the two companies and complete the deal to get a toehold on US soil which is the land of promise for profit for their newly leaned out tail to snout cannabinoid company.
Canopy says they aren't waiting but something is holding them up from splashing down in to the US market.
I think they are fearful of being the posterchild for the Feds to do some nasty protectionist action which is still on the books despite their handshake deal with the individual States that are pro-pot that the Feds will let those States administer their own justice.
The US has got a big bunch of bad legislation in regards to their State laws for pot consumption and have tarred the pot industry by withholding banking, brokering and all of the other legislation that works against the potpreneurs and they don't have the will to reign in the black market and Cartels.
Pot legalization at the Federal level is the first step that is winnable to snuff out the black market. They just need to convert the black market to legal and level the playing field with beverage alcohol.
I hope Germany's latest efforts trigger the US to do the political work they need to do to Federally legalize pot and all of the rules working against it.
The voters want it.
Almost the total marketshares of Canopy traded on the German news so Canopy isn't dead and gone yet and 80 million of those were from US investors which bodes well for Canopy USA division.
And that 70% uptick speaks volumes for huge multibaggers if the US does the work to write the legislation in a fair, productive manner to aid and assist US potpreneurs and quit treating them like criminals.
glta and dyodd