RE:WEED Smaller Quarterly loss, Reiterates Going Concern DoubtWe may see Constellation Brands step in and pony up with additional backing. This may or may not be in conjuntion with a new CEO being announced. Impossible to say for sure but I just don't see Constellation Brands walking away from the Cannabis Sector considering how Bullish Tilray is getting on it with their recent investment in the 8 Breweries they just picked up from Bud.
Constellation likely doesn't want to pull their player out of the sector then risk Tilray being the only major supplier in there taking all the sales, especially after the US Legalizes (whenever the hell that ends up being).
At this point I would be ok with a new CEO, I think it would be a positive. If he announces a game-changing acquistion here shortly then I would very likely change my tune on that.
JMHO