RE:RE:RE:RE:Cannabis Sector SP manipulation?Agree on most of it except this aquisition does not get them any closer to entering the cannabis industry in the US. They will need a lot of money for that if Biden wins. The smart companies laid their inroads a long time ago while share prices were under pressure.
DSEEGS wrote: Homestretch4me wrote: That's because it was a terrible acquisition at a very high price into a market that is declining. Constellation Brands made its investment in canopy because they knew that beer sales were going to go south. Aphria on the other hand just purchased a beer company. So while constellation Brands, a Fortune 500 company, books to diversify out of the beer industry with their investment in canopy aphria looks to get into an industry the constellation brand sees as declining. Now you can side with a Frias management and their view of the Beer Market or you can side with constellation Brands a Fortune 500 company and their view of the Beer Market. I know who the institutional investors will give more credibility to
DELLicious wrote: Yup, once again no love for APHA. No matter what happens market just won't care. ACB on the other hand, will explode today (already at +24%) and then it will most likely crash and burn in a day or two or three. Speculation at its finest. Has everyone already forgotten a recent dilution of ~$500million and no profitability in sight??
I agree somewhat stetch but i will say Aphria needed to enter the U.S market ANY way they could . Thats a must that needed to be addressed ASAP . One thing i would point to is seltzers . That beer segment is growing . They also have that 420 brew which is atleast terpene based and not far off from an thc infused beverage .
Where i agree is Canopy/STZ were light years ahead in foresight . They were pro-active early on ,Not reactive . This will pay off immensely imo. The challenge now is Aphria will have to apply and secure many licenses that could be hurdles to overcome , $$$ and time where as Canopy through Acreage already have the necessary pieces to run, not walk day1.
Hopefully both will succeed longrun and produce major returns for investor patience through tough times.