RE:RE:Seriously???Here's the thing, I quite familiar with IIROC and the IDA before them. I also spent years analizing Fed speak going back to the Greenspan days so I know words are important BUT I can show you plenty of examples where companies have requested the Halt and yet the "at the request of the company" was left out for the shorter "pending news". A recent example was the ACB and CMED Halt for the M&A agrrement on January 24th which I've pasted below ofr anyone to see.
Secondly, IIROC doesn't halt companies for news. They halt companies for regulatory reasons like irregular trading, circuit breakers etc. They don't have the staff or the means to know when a company has a material event.
Thirdly, if there was a regulatory problem like a deficiency in their financials that they want restated is is extremely unlikely that they would halt after market close. The only way that would happen would be if the timing was a coincidence in that they had just concluded they didn't like something in the financials (or whatever else) and it happened to be right after the mkt closed that they made the decision that Canopy should be halted for clarification or whatever.
So that leaves us at Canopy halted trading after hours on a Friday of a long weekend. Long weekends are the best time for M&A so that has to be seen as a strong possibility.
But as you said, WEED got the BC License and it is going to be the biggest grow op on the planet so perhaps that is the reason. If so though, why agonize your shareholders. They could have released the news last evening and then re-transmitted it Tuesday for a big splash. There is no reason in the world that they couldn't have released the news by now if for no other reason then to placate the shareholder base. Bruce is pretty green though so even given the above I believe the License is a very possibly reason.
As I think more and more about it I'm 55/35/10 M&A/License/something we haven't thought of.
Fun to speculate and the best part is we will know soon.
CMED: IIROC Trading Halt ACB; CMED
INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA ("ZIIROC-TV") AURORA CANNABIS INC.("ACB-T") CANNIMED THERAPEUTICS INC. ("CMED-T") - IIROC Trading Halt - ACB; CMED
The following issues have been halted by IIROC:
Company: Aurora Cannabis Inc.
TSX Symbol: ACB (all issues)
Reason: Pending News
Halt Time (ET): 8:00 AM
Company: CanniMed Therapeutics Inc.
TSX Symbol: CMED (all issues)
Reason: Pending News
Halt Time (ET): 8:00 AM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
IIROC Inquiries 1-877-442-4322 (Option 2) - Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.
1802300073NTX1802300507-05252720180124
_____________________________________
(c)2018 Market News Publishing Inc.
www.baystreet.com info@baystreet.com
(416) 366-8881 (604) 689-1101
Source: Market News Publishing Non-Pro (Jan 24, 2018 08:26:12 EST)
PlantManager013 wrote: How do you know it was not dequested by Canopy?
mrcashflow wrote: Nothing personal to any investors here on this board but I'm having a good chuckle reading all the posts here over the long weekend..Takeovers/Mergers, I don't think so..Nobody will get rich off this halt....
First off..WEED did not issue the halt...IIROC did..(for those of you who don't know who they are, they are the people who regulate the stock exchange to make sure everyone trades without any trading advantages in the marketplace..) They have a "duty" to make sure that no trader has any advantage knowing information before any one else does..
Secondly, this is an issue regarding WEED stock, which is WHY it was halted by the exchange, not at the request of the company..The company failed to disclose the news regarding the licensing deal approved by Health Canada, which has a direct impact to sharholders of WEED..
Read the news for yourself..
https://www.newcannabisventures.com/canopy-growth-bc-tweed-greenhouse-gets-health-canada-green-light/
Cheers