RE:Geodcan's White Paper'Great points and a different point of view always wakes me up to ideas that I haven't perceived.
I throw out a lot of my own conjecture to stir up the sight when it goes quiet but that doesn't seem to be the case today.
There's a ton of posts considering its Juneteenth for the US and kudos to the US for working another holiday. My European friends always thought we Canadians have too few paid holidays and reminded my that they start at 6 weeks paid holidays.
I digress! Thanks for the discussion to help keep my facts straight, like that is going to happen lol!
I am light on doing due diligence but heavy on the buy key for pot stocks, too heavy and too soon for this beat down sector.
I'm fearful that the US politicians won't throw the potbiz a lifeline and will just let it implode and sort itself out and the attrition will be huge and the big fish will eat the little fish until we get balance.
I am well aware that the bottom is zero for a lot of these potpreneurs but I am so close on a lot of them that I just don't want to believe that there isn't a greenrush or at least an upside in there somewhere.
Canopy has a deal inked and paid for except for a shareswap with Acreage Holdings US multi state operator to happen, soon we are told so that Canopy can put down a footprint in the US and you are right about Constellation who pumped in huge like $5 billion to be the major shareholder of Canopy Growth and a lot more to cherrypick half a dozen or more US based branded sku winners with some intent of pulling this all together to be Canopy USA starting with all of the States that Acreage is already set up in.
Canopy also built out 300k sq ft in New York of manufacture or storage/distribution space, I beleive with intent to round out Constellation Brands with cannabinoid beverages.
Canopy is so cheap right now that Constellation can just buy it to protect their $5 billion investment which might eliminate a lot of the bs to put this together in the US. The current marketcap of Canopy plus a premium would be a lot cheaper than the $5 billion they already coughed up, not to mention that they picked up connections to those half a dozen others at firesale prices.
glta and dyodd