geodcan wrote: VacationReady wrote: If you think more acquisitions are in the cards, I wonder if one of the potential acquisitions would be Bhang? After buying out Wana (#1 gummies in Canada) is the #1 chocolate on the radar as well? I really like CGC, I need to cash out other holdings before jumping in. They really turned Smith's Falls around, I would have made way more in the real estate boom there than the dead money I have had tied up...
Trulieve TRUL seems to have Bhang BHNG on their radar. They have announced that they will be adding BHNG skus to their shelves and investors haven't caught on yet, at least in the BHNG camp. Truelieve is the Canopy of the US and doing very well with big intentions.
As far as Canopy, maybe a bidding war for BHNG assets. I'd love to see that happen after popping another 20k into BHNG. No TRUL yet but still have some Canopy.
We will see more of this imho as the big fish cannibalize the small fish. TRUL is making money, Canopy is closing the gap to profitability and a "triggering event" that would decriminalize cannabinoids in the eyes of the US FEDs will accelerate partnerships and consolidation deals for well managed potpreneurs with cash.
glta and dyodd
I'm thinking that Tinley Beverage would round out the west coast ambitions of Canopy Growth for licenses, recipes and the biggest cannabinoid bottling facility in California. Fits right in to the STZ Constellation Brands wheelhouse being a beverage multi-unicorn.
Canopy is working to get their branded cbd beverages onto shelves in the US and it looks like they have things covered well in the New York area with a huge 300k sq foot facility.
Canopy is proactive despite all the negativety, not reactive to what is going on. They have a plan and it is to be number one cannabinoid company in the world and they have winning management driving the bus.
glta and dyodd