Ventura2020 wrote: Hevin, I am doing well. Nice to see you are still hanging out at the best Cannabis Hacienda on the globe. I believe you are doing well as you would not be here, but then again, the bitter are here as well...for different reasons. Cash out in Feb, was a good move and hold on to some… just in case she moved up the ladder.
IMHO...Simon and Surraya, (have a google on the history of Surraya and achievements, hell bent on cannabis, his success, history with Aphria) they have some big plans for MedMen. Simon is not going to let MedMen go for a measly 75M to Ascend. I'm sure TLRY is backing the law suit. Doesn't want to lose a foot hold in NY State. That's a biggy and excellent strategic move and what better for TLRY?
Medmen just promoted another CPG and Cannabis guru yesterday. Why/? It's fits their CPG plan, when legalized...and it will be. But, for now build the business (MedMen) and make it profitable. I'm sure they will, with the talent behind it now.
How Could/Would this affect our deal with MedMen?
1. No deal until legalized, so TLRY is free of all deals and still would have one with Ascend involved
2. You know Simon though, it's him and TLRY or nothing. Doesn't want to deal with Ascend, why would he? It's his show and only his show...period.
3. MedMen dumps Ascend, any which way they can. That's what Simon/Surraya want or the plan fails. Don't want Ascend anywhere near TLRY and it's global dominance. Just a headache and in the way, having to deal with them.
So, if they don't get rid of Ascend, there goes a big entrance to the USA market at a discount price. Then TLRY would have to figure out another entrance into the US dispensaries market...unless they cave to Ascend.
Best thing for TLRY is...bye bye Ascend. Deal with Surraya and MedMen only., 100% ownership.
My bet right now is 10,000 shares on MedMen and nibbling away at SP. Not much cash for that, but I'm betting on Simon and Surraya to succeed, with MedMen...alone, no crutch.
Soooo, kinda a big deal going down. Will be interesting to see it evolve.
That's the way I see it...
Cheers,
V
He is a retail and cannabis industry veteran, with over 25 years of experience in global brand strategy and vertical cannabis operations, including over a decade of experience in the legal cannabis space. hevin wrote: Hey Ventura, hope u're well; how could/would this affect our deal with medmen potentially?
Ventura2020 wrote: Gov. Kathy Hochul’s office pushed to force the bargain-priced buyout of a well-positioned cannabis retailer just days before it was set to wriggle out of the deal — and just days after the lucky acquirer attended a fundraiser for Hochul, according to an explosive lawsuit.
As the propeller turns. This is getting interesting...
https://nypost.com/2022/01/24/kathy-hochul-donor-got-state-approval-for-cannabis-merger-suit/