RE:RE:CEO
I likes it.
When I saw two CFOs on the Canopy board I thought one of them guys needs an upgrade or moved somewhere else... I was hoping it was Mike Lee.
But Klein is a solid pick as they come.
Well spoken, knows how to handle himself in and interview and is a hard numbers guy who already knows about the inner workings of both companies. No need to get an outsider up to speed on the Cannabis business.
The writting was already on the wall that STZ would be owning Canopy lock stock and two barrels when they threw 5 Billion at them. Anyone could see that. The process is now accelerating.
This gives market certainty. Now they need the sales numbers to back it up next year.
BTW - it will not be until 2nd and 3rd Q that the numbers from 2.0 will be fully broken out on the financials.
In the next 2 to 3 yrs I expect a brutal shakeout and more M&A of the other existing LPs. There are too many and need the cull to get rid of the also rans. Harsh but that's the way it goes.
Canopy for the long haul.
480Mayham wrote:
Kilbarry60 wrote: Buy the Rumour (of +Ve. CEO change)
Sell the News (of Nada Before his first Q1 Report comes out)
Should be a great speculative Green Day to zoom past my price point!
What should not be lost in all this is the timing of the announcement. This is right out of the Linton playbook to screw the shorters!!!! I truly hope this was done on purpose. You know Linton would always time the announcements to squeeze the shorters well. We can only hope that Klein is taking a page from Linton's book and this is not just a coincedence in the timing of this. If so he is keeping us shareholders in mind and this is a great thing. Again Linton always did and its why he is a legend in my books.
GLTA Longs!
Mayham