AHAHAHA STZ says CGC not accretive until 2021!!!!CFO at conference "WE BELIEVE THAT CANOPY WILL BE ACCRETIVE TO OUR EARNINGS IN FISCAL '21- CAGNY CONF"
So everyone will interpret that as 2023, and the stock is rightfully getting smacked in the face for making a dumass deal.
Look at Molson - free deal with HEXO and they have complete control over any JV and how money gets spent within it.
Instead they gave Canopy $5B to HOPEFULLY make successful acquisitions that HOPEFULLY become accretive for STZ in 3 years out...Ya thats certainly what Constellation shareholders wanted from the company. Stock is getting punched in the face 4%...
Maybe you should all start pumping STZ stock because they are super smart after all right?