RE:RE:update 2I think Bruce is disappointed by the weakness in institutional investment.
i believe he said he would like it to be 60/40. He alluded that it was the opposite, but didn’t state it.
starsearcher40 wrote: I would agree that in general, little/retail investors tend to gravitate to shares that are a cheaper price. Silly but true. I'm surprised though that Bruce said there was weakness on the Institutional side. I would imagine the interest is there, but perhaps they think the price is too high. Not sure what to make of that.
AnthamInvest wrote: Bruce says:
The board may be meeting as soon as this afternoon to discuss the split.
The reason behind the split is because of lack of institutional investors. The little investors who make up the bulk of Canopy prefers cheaper shares.