Craiger02 wrote: I think this is a over dramatic don't you Opt? Let's not act like the sky is falling. Why would there need to be new management, CEO and BOD immediately?
If Beena and the BoD are on board with the deal and backing it, first how could we go against it before we have any info/facts and why would they stay if we don't support them. Why would we want them if they are not acting inour best interest? Secondly, if the deal was to fall apart, a number of other scenario's could play out. Canopy could up their offer, a new suitor could step in with the knowledge that the number would need to be higher to get approval or we could simply go back to the share price we were at with a number of shorts not involved and potentially not as much downward pressure on the share price.
So you feel that Beena/ BoD can not be trusted to bring us, and themselves as SHs, the best deal possible...it is quite the opposite for me i have had faith in this BoD for years and Beena is a top shelf find and I believe her when she says she is all about SH value, so until I get more info and if they all support the deal, how does anybody jump to a "no" vote? A number of you here are crying about this offer like your wife just cheated on you with your brother. The offer is a fair offer plain and simple. The multiple we are getting is more than fair. Stop crying about it.
Obviously you are not including me here. It's business and money dominates decisions. Were we being held down, probably. Could we have received more $ if we werent being held down, probably. Who the heck knows. Stop whining. If you're average is still high enough that you're not profitable on this deal, i feel for you but again, you made that decision to invest and not average down.
Agreed Now having said that, I do have some
serious reservations about Canopy. Their burn rate is INSANE. Even with a strong cash position (which would only increase with the deal approved), they're still losing money hand over fist. Last quarter was a loss of $839 million or something. So even with $2 billion in the bank, that give Canopy 3 quarters to turn the ship. And as Beena said, a big ship turns slowly. They need to get that in order and quick.
I would have agreed with you here a year ago but there has been a big difference in this company since Constellation got more involved, totally different company...they will be the biggest pot co on the planet by year's end at this rate. Then there is the elephant in the room. The US expansion. I dont care what anyone says, we DO NOT CURRENTLY have the ability to sell THC products in the US with Canopy.
Not so there is 15 legal states now and more shortly, with most others decrimminalized, see link below. With Acreage and TER deals in place with the option to purchase more of them sure we can have them or own them
possibly. BUT, that is going to come at a huge multiple and therefore a lot more investment will be needed. Plus we will be playing catch up to the huge companies already there with a footprint. Unless FULL legalization happens in the US, Canopy will not be able to sell THC products there. That does not look like it will happen anytime soon. I hope i am wrong and things change, but as of this moment, I'm not. If you don't believe me, just look at Friday's charts for GTII, Cresco Labs, Trulieve and Curaleaf. Then compare it to Canopy. There will be a lot more of that happening soon.
Vote Yes or vote No. The choice is yours but you need to do your research. Agreed. At the current share price, you can almost 1 for 1 trade with GTII or even 2 to 1 with Curaleaf. These MSO's are already proftiable and have all levels of cultivation, wholesale and retail setup in the US. For me personally, I will most likely vote yes and hope for a pop in Canopy, then sell off 2/3rds of my shares and place them into one of the large MSO's.
Do what is best for you in the vote. Its based on your current situation and where you see both FIRE and WEED sitting prior to the deal and afterwards.
Best of luck!
You as well. JMHO...Opt Reply abouve in yellow. Legality of cannabis by U.S. jurisdiction - Wikipedia OptGreen wrote: The plan for sale rejection is what?
-Share consolidation min 3-4 for 1
-New CEO probably for sure?
-New BoD?....likely?
-SP will tank from here until a RS is done and new management, where required, are in place and functional.
-A no vote and we need a plan before vote.... and who in management would remain and what their plans would be, as it appears they are all on board with the deal or they wouln't have made it.
We had better have answers to all of this by vote time...if not WEED will have the assets at fire sale prices, unless we have enough left to keep existing market share and grow from there day1, post rejected sale.
HelL, if we hate the company that much at least pass the deal and sell the WEED shares ASAP and at least try to recoup a few cents on the dollar. I can't imagine that there would be this number of shares willing to shoot for the bottom? This has nothing to do with a good deal, bad deal, how do we find a fair deal anywhere when we are on our knees?
This discussion can not happen in a healthy way for current SHs post no vote. JMHO...Opt