Supreme AcquisitionCanopy paid $435,000,000 with your equity for Supreme which has a 2020 operating loss of $87 million or thereabouts.
Yes, in the grand scheme this acquisition is not that dilutive considering WEED's exorbitant outstanding float owing to numerous acquisition overpayments in the past. This deal is not remotely accretive either and demonstrates a trend of poorly allocated capital at the shareholder's expense.
Your shares are worth $27 today. Supreme's soon to be minted WEED shares are worth $48. How do you loyal shareholders feel about this?
Is anyone here actually excited about this or feel confident in this kind of management? This kind of sloppy execution is why the short position is so high IMO.