RE:Delta Cannabis NINE / Canopy GrowthEveryone needs to to give up on the “Will canopy merge/buy out with [insert favorite cr@p stock]”. Bruce has already stated several times that it is not worth him buying out an existing LP as the premium is way too high and he would have to rework the entire company to bring them up to Canopy standards. Canopy has the money (and leveraging power via Golman Group) to build out an empire exactly as they like it. If Canopy does buy out anyone it will be a pre-license applicant that is either out of money and desperately on sale or simply a company who knows they are better off stepping under the ‘Canopy’ (pun intended). Further to that point, it seems Bruce’s favorite move is to let these willing participants remain independent and simply sign them as a craft growers under Mainstreet. With today’s HC announcement of Micro-producers they will be lots of options for Canopy if they wish.
bluevelvet wrote: Does anyone else think this one might merge with Canopy Growth at some future date? My gut tells me it might. The tortoise beats the hare. Waiting for it to drop back into the low 2s after the 120 days of IPO date to purchase.