RE:RE:RE:The Siege of short sellers Well, wasn't my idea, WTN mentioned that last summer. More like " is STZ lending their shares out"? I agree, no way would acreage shareholders agree to anything. Trul sure needs their footprint.
After 15 months of pounding, I know many longs who have thrown in the towel. 5 billion dollars later, the value is in acreage, wana, Ter. Biosteel.
Just insane how this sector has been pounded, trying to pound into oblivion.
Nov fins for acreage and Ter will be great. Maybe the market might care again.
Homestretch4me wrote: Acreage is in a good position now and doesn't need canopy. If Canopy tries to renegotiate the deal again, Acreage will walk away. When safe passes Acreage will have access to all the financing they will need with the passage of safe. Acreage does not have a clause in the deal to walk away but if canopy tries to renegotiate again acreage is by no means obligated to renegotiate and they would let canopy walk if that's what they chose to do.
Canopy would never walk away from the deal or risk losing the deal because that would give them nothing in the US other than what they currently have.
They have their investment In terrascend but after safe passes that's going to be a very expensive purchase as well. They would be smart before safe passes to work out a right to acquire deal with terrascend as well.
That being said, constellation would never short canopy as that would be a conflict of interest and acting in bad faith which would set them up for massive lawsuits.
Constellation shorting canopy is quite the conspiracy theory.
WestCoast78 wrote: Not sure how long those interest charges have been mounting. I believe they are paid weekly ( Friday) . Can't say for sure. STZ could easily and would like too, renegotiate those. For all I know STZ is shorting us then could take canopy private. A horrible thought. Not sure how likely, nthey would have to redo the acreage deal, and no way it 'kl look the same.
However, before then, we will get a safe bank act. That will do something, and start the FinCen updates. After that, it lawyers and regulators at the exchanges to green light or not. One theory is the tsx will allow plant touching mso's there first. That's a good enough for a trigger. Leave the nas, go / stay there, instantly are and finally making money. And the mso's will jump on the tsx with excitement.
the prize the nas / nyse. Not sure they will let, but they might. If the AG puts out a new cole, with safe. That would do it too.
WeedTheNorth wrote: I started this as a reply but I'll make an independent post. My last for today.
This is a siege of short sellers. November 2023 is the cliff at their back we will slowly march them towards. They are on borrowed time (shares that accrue lofty interest charges that I continue to point to). I think at some point they will make a final stand and us longs will cut them down (make them pay ever higher prices) as they break formation rather then lasting until November 2023 to be pushed off the cliff.
The difference between a long trader and a true long is that I don't care the timeframe, a trader has percent points per quarter/year to hit. I welcome both to this fight but this is the likely timeline as I see it. Who can't wait 1.5 years for a possible 7x(+with a short cover that I'm imagining) return?