RE:RE:RE:RE:RE:RE:RE:Canopy has beenEven mentioning a consolidation of shares rates as a huge negative for the shareprice.
That is marketmaker stuff to move the price in a direction because you have a motive.
It is just like the guy who posts and asks if the stock is halted. It gets the herd moving and raises the question of whether your team has bet on the other team.
If a one for twenty-five rollback happens it instantly devalues a company and removes shareholders from shares. It minimizes any chance of recovery, at least from my experiences and is usually the deathknell for a company.
Constellation probably overpaid for their initial investment in to Canopy and the marijuana and hemp world but continue to invest in it to the point that they are the major shareholder and it didn't stop there! They have also got on board with GAGE, JETTY, WANA, STORS and BICKELL, MARTHA STEWART either through Canopy or STZ.
As a shareholder of both Canopy and Acreage, it seems to me that their could be inside forces working against our success or why would they put out a proxy to consolidate the shares of the company. That news worked the price down until HHS and SAFE got announced. The markets move on news, good or bad, up or down shareprices and I have an issue with walking the talk.
Jmho, but it will take a second coming moment to pass either of these bills in a timely fashion. Possibly in time for 2024 presidential election because they move at the speed of government which is somewhere between ridiculously slow or not at all with this bunch of clowns.
117 different rewrites of the SAFE presentation, with the majority in favour of the SAFE Act in some way shape or form and here we are again.
The guys talking up the 3rd party have an opportunity that they can't even imagine to become formidable because of the same reason that Trump got in which is to drain the swamp.
These two parties are stubborn and obstinate as well as spiteful and this constant churning of the issues suggests time for a major cleanout or a new third party!