I believe that the US istotally willing to let the pot industry implode.
Their failure to deal with the legalization issue in a fair way to the other vice businesses is getting old.
Even the US MSOs are losing value because of oversupply of product and too many players.
Attrition is imminent and has to happen so that there will be survivors and thrivers.
Canopy Growth is front page news with lawsuits coming out of the woodwork while they are trying to incorporate a Canadian division with an American MSO, Acreage Holdings.
I expect more lawsuits to happen and it seems that the news today for Acreage is that the CEO is stepping aside and there are rumblings of the major shareholder queering the deal for a better one.
The original deal was estimated to be worth $4.3 billion dollars and got knocked down to the firesale price of $38 million and there was mention of some form of re-assessment, again, while they are trying to put these companies together.
The major shareholder of Canopy and Acreage are taking no prisoners in their attempts to grind this deal down which is very good for STZ shareholders but not so much for the rest of the shareholders of the targets.
I find it amazing that Tinley has the re-instatement and I felt that there should be some revenue in their structure somewhere or some production numbers that could inspire shareholders.
This is another merger attempt imo for Blaze to take the wheel of both Blaze and Tinley to see if Tinley can be snatched from defeat.
I do feel the most valuable assets of Tinley are IP and recipes because the soft-drink and beverage pros were a stretch, it seems.
If there is still some mojo for the awards that Tinley earned, we need a capable team that can try to build the brand and value for shareholders.
Tinley was all over the map with co-bottlers initially and moving our money earning bottle line into the Blaze facility, albeit with some rules and benefits just seems like that equipment and revenue are ultimately going to make their way to Blaze.
The good part of pulling the equipment out of LB is a rent savings of $17k a month, consolidation of bottling personel and upper management expenses.
I think that THC infused beverages could be huge but need to be allowed for sale and consumption in regular alcohol venues to hit full stride.
The do-gooders are bent on protecting consumers from the scourge that could happen to a newbie that mixes alcohol and thc beverages in a night of drinking.
I would like to see CBD infused beverages break into the bar scene for their health properties that could attract patients for an evening out.
I haven't sold a share of Tinley!