RE:My opinion as entrepreneurSCRILO wrote: Okay, we get it, Canopy is in hot water, I can't help but notice that constellation brands is rather calm about their investment, and they're sticking by Canopy. Is it a coincidence that Mr Klein was previously CFO at constellation brands? Can it all be orchestrated to keep a closer eye on what's going on within Canopy? Obviously, Canopy is getting rid of all retail side of the business selling off buildings that grow cannabis to reduce debt, lining up with a constellation brands business plan. Constellation brands will come in save the day, be the hero and buyout the canopy brand to market its future cannabis beverage.... Basically build a brand that everyone wants and let subcontractors do all the heavy lifting with production in the future. I believe canopy is a brand.
what do others think?
I would bet that Constellation is interested in sticking with the investment and seeing Canopy succeed. In terms of current management, yes, Constellation definately has current CEO in place to keep watch on the operations etc however he has not been instilling the confidence in the market that is needed to recover the SP back to anything near an acceptable level.
IMHO... current CEO is on a deadline to either turn things around to the better or be shown the door for another Constellation selected and appointed CEO who the market may rally behind.
JMHO