What He Said. Bruce On Bnn...I'm sure it's been posted, but here it is again. Great day for Canopy as they map out and terraform the lay of the land (props to Interpolation), and great day for the industry. And still, it's only the beginning. For the bean counters, Canopy just secured $245 million dollars for %10 percent of the company, shares that are locked up and owned by a partner with a long-term vested interest in the success of this organization. These shares aren't going to flood the market when the lock up period ends. Yes, there are warrants. Effectively, considering those warrants will likely be exercised as long as CGC isn't bought out in it's entirety in the meantime, CGC just raised $490 million dollars. To you bean counters, who lay awake at night figuring out different ways to add up beans, i'd say wake up. Canopy is breaking new ground here, and doing a pretty good job at it. They are quite literally pioneering here. I can see the value in a company conservatively edging their way forward, but i can also see the value in investing in the pathfiner. Many of us have done both. GLTA...
Bruce Articulating Better Than The Rest Of Us What Happened Today - Click