RE:RE:TLRY may Move CGC - Oct 4thI'd be waiting for the consolidation if they activate it and the price tanking that I anticipate for the commonshareholders, based on my personal experience, several times.
I do agree that I like the company better now that they have chopped a bunch of the moneylosing acquisiitons in favor of potential moneymakers.
Investors have been told that good financials are around the corner and if we could include Acreage revenue we would be golden. That corner has come and gone a couple of times, it seems.
Gutting long term shareholders of Canopy and Acreage won't be forgiven unless they can drive the shareprice back enough to make them whole again.
Canopy is being positioned to be a moneymaker for the US market but the rto gets a little murky and I don't understand the delay, if, as we are told, Canopy isn't waiting for legalization or the welcome mat being put out.
So what are they waiting for?
The mixed messages we are getting from Klein that we are in a good place but then going ahead and setting up the proxy to consolidate the shares is good if you are in a position of being a lender or preferred shareholder, who get first dibs on those valuable assets at bargain basement prices.
Canopy/Acreage deal makes sense for Canopy to put down footprints on US soil where well run companies are having some successes when Canada screwed it up for the LPs.
Canopy had a lot of happy investors when STZ put up $5 billion and shook the pot industry to life. It lit a spark under most of the potpreneurs but failed the accounting tests. Good old accounting principals are ruling the day now although I believe that there could still be multibaggers when we crack the US market but it will depend on revenue and volume and that revenue has to be black ink.
The pot markert is going to be a very scary place because of excessive supply, illegal supply and too many legal and illegal players.
Supply and demand will have to find balance and then the smart business people can show their stuff.
US politics needs to fix their mistakes and pave the way to welcome this new vice because it is the right thing to do!
glta and dyodd