RE:RE:RE:RE:Canopy Positive Hope is not a strategy
when will Cgc make money?
what's their debt?
STZ won't buy them out anytime soon, why not let them bleed out and every time they need money, Since you have 4 of 7 board members just issue some shares directly to stz.
This a dead company. Sadly. There is no way out.
yp01048 wrote: I think you need to reevaluate the "sectors" thoughts on CGC.
While, i want nothing more than for CGC to succeed, nothing more as i am heavily invested, all these analysts etc are pointing out some challenges ahead.
CGC burned through so much money in such a short amount of time.
I didnt take the news as last week that terribly at first, but when the news kept coming out and other investors/analysts etc were commenting.. it was hard to ignore the facts.
My concern was STZ would take them out at these prices, and this is what I was fearful of, and what others thought as well.
Why wouldnt they as the shares are dirt cheap.. but i dont claim to know all the legalities of the deal, hence I cannot comment.
You cannot be a blindless pumper for CGC and overlook the issues on hand.
And I dont think its a bad thing that CGC is getting backed again by STZ condsidering all the top positiions, including now biosteel are held by former STZ execs. One could look at that as a positive in the sense that they are leaving STZ, to go to a subsidiary and im assuming clean house.
All STZ obviously has been fully aware of the decisions made at CGC becasue its basically all their execs on the board.
I am still hoping for SAFE in the lame duck session, and hoping that it will trigger all the deals.
But, if for any reason it does not, and the house and senate flips red, you can forget about any cannabis reform for a while. Thats the simple fact.
REPs have been very vocal about not supporting any reform.
That is our reality.