RE:IdeaHow would they do that? How often do they have to disclose /file when purchasing? Just on quarterlies? Can they 'slowly' accumulate 88.5 million in a one quarter? This would be the Summer do it though.
Tranche B expires Nov 1 2023, 88.5M units @ $50.4 cad. Half price is appealing. Even at $26 average, thats 2.3B. Would be nice for them to average down, no doubt. That would be ballz. I cant really see it, but I kind of can.....lol There's still the final hurdle before that would be a no brainer.
Stz last Q ended May 31.
Interesting thought weed....
WeedTheNorth wrote: Is Constellation lending their shares to short hedge funds? If I think completely by motives it makes sense.
They are allowed to replace their warrants with shares bought on the open market. Their warrants are at $50.60 CAD and higher. Logically, you allow your shares to be shorted bringing the price down and you buy the cheaper shares. Then you recall the shares short and you own the company one day, for cheaper than you were planning to pay anyways.
Constellation will own canopy at some point, I can't wait to see how big the final offer to me will be. Inflation is picking up so it'll be more dollars the longer they wait. GL all longs. Thanks west for the line of thought