RE:RE:I hate to admit it butNorth of $50
Keep in mind that these comments are coming from the constellation CEO. Their initial 5 billion investment hasn't done so well and has been a drag on constellations quarterly reports and these comments are a way to calm constellation's shareholders and reassure them but they're not just going to throw more money at this if it's not performing well.
It's the first weakness I've seen between constellation and canopy in terms of their relationship. I still have faith that canopy will deliver and the warrants will be exercised......But
Newkands could have said something like, "We'll have to see where things are at when the time comes" I don't understand why someone that has a huge interest in Canopy would be so careless with his comments.
We'll see what develops but Keep in mind that Constellation has an agreement that allows them to purchase a certain amount of shares on the open market and I'm sure they would like them at a lower price. Q3 and Q4 of this fiscal year just became a lot more important and are under a lot more pressure to show a dramatic improvement from where Canopy sits currently.
No need to go into panic mode but we definitely need to be more cognizant of the fact that doubt has creeped into Constellation's mind.
Iminlong wrote: Homestretch, thanks for the post. This is important info. What do you think STZ feels would be "in the money"? I haven't figured that out.