How long 'til Canopy/Acreage all come together?This will stay in limbo until all the t's are crossed and the i's dotted in regards to WEED and ACRG both classes come together under Canopy USA symbol.
Plus US decriminalization or legalization legislation needs to be signed off on, whatever, that might be. Some think SAFE. Some MORE. There is at least another half dozen bills introduced to pave the way for a legal pot business in the US.
Ideally, we are looking for some clear concise quidelines and laws at a Federal level to clarify and aid the introduction of pot guidelines that everyone can function under.
The mishmash of regional, individual State laws and such has complicated this a near stall out of any progress for a new safer vice for the US.
I am still in amazement that US MSOs have taken this on with the amount of success that they have had. They have done a wonderful job by setting up shop in legal States and navigating a quagmire of rules and regulations that apply to rec and pharma use and actually show black ink on their ledgers.
Despite the dismal performance of Canopy's shareprice, I beleive that they are still a leader in the industry that have invested in putting down roots in the US, once they feel the protectionism from US players has been dealt with.
Constellation Brands STZ are future see'ers that put up $5 billion to get a toe in the cannabinoid biz and they did that with Canopy. Even more in likeminded and complementary businesses in the States that have successful and probably successful popular style skus that they hope will bring black ink for a hub and spoke company that they are trying to put together for all of the above mentioned companies.
It seems that all the players are in agreement and expecting this to come together as Canopy USA, I think, when this can get processed by the people that do this stuff.
It is a huge job to hammer out all the details to bring this together and even bigger to generate black ink after they mooshe these together.
Stay tuned and push your investment leaders and politicians to get it done.
The Genie is out of the lamp and not going back in, so they better deal with the reality of the situation and the sooner the better!
glta and dyodd