Recap link to original deal revisitBuzz on the Bullboards: WEED announces $3.4B U.S. acquisition | 2019-04-18 | Investing News | Stockhouse
This is what was going on in the good old days for Canopy and Acreage and then Constellation STZ exercised their influence.
As happens with companies and especially ones in a hot relatively new legal vice is that they re-set value and most of Canopy's re-evaluation was because of government decision or indecision as the case is here.
Investors saw huge multiples of shareprice being made and drove the values of most of the potpreneurs to crazy heights.
STZ exercised their influence and wanted to see the value that wasn't there for most of them and they still wanted to do the deals but at a totally revisited price based on good old accounting values started the decline in most potpreneurs with the best still standing being the US MSOs and LPs from other countries.
What happened was a huge right-sizing that to some was like a capsizing where some will be righted and a lot, not!
Canada's lawmakers got lazy or fearful of what they unleashed and the US is getting there one State at a time, with new potential for 5 States in the upcoming midterms.
My guess is that 5 out of 5 will vote positively and that will put even more pressure on the US fence-sitting politicians to strive for greatness with a Federal blanket legislation incorporating all of the best of all of the pro-pot bills that get rejected by the fuddy-duddy old Senate.
Bernie up the middle!!! Look at what two old, stuck in the mud, parties have done for the US citizens and also the rub-off on the rest of the world.