RE:RE:RE:RE:RE:A Clever Move by Constellation Brands for BioSteel ?Holy, sneaky, marketmaker tactics Batman!
Under Constellations guidance since taking the wheel at Canopy, Acreage and positioned themselves with Stors and Bickell, Jetty, Wana, Martha Stewart and others that I can't think of right now and BioSteel under the Canopy umbrella.
STZ launched the greenrush in Canada with that first $5 billion Canadian which snapped all of the pot player investors to attention. Some think they overpaid but that didn't stop them from going on the acquisition trail by securing shares of companies of interest, usually with good branding.
If STZ has eyes for BioSteel, as a marketmaker or involved investor, a little leaking of bad news would certainly set it up for a firesale price or even the possibility of something nasty having happened would tank the shareprice.
Is it a dirty marketmaker's tactic or just a co-inky-dinky?
Right now it is looking like somebody at Canopy under Constellation's guidance screwed up badly enough to create doubt and hurt the shareprice and yet, it still seems like a well liked brand that should make some money.
STZ is alcohol beverages but bringing BioSteel into the fold would give it new life and add to stopping management expenses by duplicity. \
At one time I thought STZ was advancing towards what their crystal ball was telling them about loss of marketshare to cannabinoid infused beverages. Makes perfectly good sense to focus on the threat and be a part of it, rather than, sitting on the outside looking in.
I think they might keep the alcohol line pure and separate from the cannabinoid infused line, for sure, to protect STZ which is doing quite well on it's own without the jeapordys that come with cannabinoids. And cannabinoids come in many styles of skus and it looks like it will take awhile for laws and policy to truly back this new industry to the degree that it should.
Canopy's big decline in sp didn't hurt STZ's shareprice or marketcap and they continue to advance the company for doing business on US soil with a brand new holding company Canopy USA, LLC.
If you are a STZ shareholder and BioSteel is in the crosshairs of STZ, you will be happy. As an onlooker or interested party that senses marketmaking tactics, you will be dissapointed.
Lots of things need changing at the securities watchdog level to clean up what has become a bankster/gangster playground.
I hope all of these companies are above this type of behavior and despite having a ton of Canopy and Acreage, am considering buying more to average down, at these prices.
Constellation is a huge multi-unicorn alcohol beverage distributor and major shareholder of Canopy who have the US in the crosshairs to merge with Acreage Holdings, US MSO to access that huge marketplace.
Constellation has increase sp, marketcap and pay regular dividends which amounts to treating shareholders well.
We can only hope they carry on with this when Canopy USA, LLC starts to show black ink.
glta and dyodd