RE:Some euphoria in the doldrums
I'm really surprised CRZ is only up modestly based on the below snippets from the previously mentioned article. CRZ's market cap is a joke compared to its recent positioning and the money moving into the space. Let's hope CRZ doesn't get bought out for a song in the coming year. The big players outside the US are going to inevitably take advantage of the severe valuation disparity between US and CAD MJ companies.
"As a result of the new shares Constellation is acquiring, Canopy Growth will immediately upon closing have proceeds of approximately $5 billion CAD ($4 billion USD) to bolster its leadership position in the global cannabis industry"
"Canopy Growth’s Canadian platform does not require additional cannabis cultivation assets, and management views other jurisdictions, including the United States, as strategic priorities requiring significant capital."