LintonI just watched a Youtube interview with Bruce Linton, the guy who built Canopy Growth out of a consortium of companies that he put together to be a tail to snout marijuana and hemp company.
He was one of the first out of the gate and his biggest success was when Constellation ponied up $5 billion C for a good percentage of Canopy and options or some such that they can get control anytime they want.
This was done at the best of times and STZ, in hindsight, probably overpaid at the time but there investment drove Canopy's shareprice to well over $70 right before the bottom started to fall out of most of the potpreneurs.
The Youtube interview is worth a google because Linton still has a good finger on the pulse of the marijuana and hemp biz in the world and gives some good insight of where and what needs to gel to get this moving in the right direction again.
Some of the soft drink majors are moving into alco pops according to BNN today which makes me wonder when they will be queing up for cannabinoid infused with thc.
Pharma and beverages have always been high turnover, high margin moneymakers for investors and I think that cannabinoids will come back to be both. Lots of patients and vets have found their way to budtenders for relief of all kinds of ailments and cannbis and hemp making their way to the social occasion of going for a drink could be gamechangers when InterState commerce for the base ingredients and value added get the ok.
Wouldn't hurt for the lobbyists to put their two cents worth in such that alcohol and cannabinoids can be served and sold at already established bars, lounges and retail dispensaries as long as they are legal for adults and patients.
Canopy needs to plug the drain in Canada and are well positioned with their major shareholder STZ to who have emulated what Linton did in Canada by picking up a half dozen likeminded companies in the States for a tail to snout McGilla potpreneur that has stumbled a bit but well connected to be leaders as International players.
glta and dyodd