Classic Move. Bust up merger to buy pieces for less.Canopy's goal is to gain as much market share before rec.
Canopy just bought the weaker partner in the WMD:HIKU merger.
Canopy wants WeedMD. They want ALL successful LPs.
Buy busting up the merger they weaken WeedMD so they can propose a purchase at a discount.
Going to be interesting tomorrow. WeedMD will introduce a new retail strategy and partner before rec guarenteed. Canopy will be actively looking for discount price before that next strategic move can develop.
Big picture people. Weed needs to be grown to be sold. LPs like WeedMD and especially WeedMD are nothing but money in the bank and all are target for acquisition.