WT....That was my first thought too.
Some have pointed their finger at the Republicans being unable to perform their parliamentary duties because they are obstinate and don't realize the gravity of what is happening in the US.
Not being able to deliver on SAFER and all of the other pro-pot legislation proposed is going to cost them the biggest greenrush the world will ever see but it is still going to happen one State at a time.
Incompetence or fear of repercussions from the black market potpreneurs has resulted in a very unfair situation for those potpreneurs that are trying to be total legal and bring safety tested and trackable cpgs of the cannabinoid variety to the marketplace.
The potpreneurs of the world stepped up to satisfy the consumer demand and they did it so well that they are fighting over the little profit they know is achievable despite the oversupply and too many players and of course the black market who don't pay taxes or contribute to safe supply of these products.
I don't think Bruce Linton's BNN interview told us anything earth shattering that we didn't already know about
That leaves it my own opinion of marketmaker's manipulation and Kleins mixed messaging where his consolidation proposal speaks louder and more negatively about Canopy than all of the trimming, layoffs and shutdowns that he has implemented to try to put Canopy on a solider financial footing.
He has implemented some serious downsizing for Canopy that doesn't seem to be enough to make Canopy the lean, mean fighting machine and all of that cutting and cost savings don't seem to be doing that much for our financial drain.
Staying Canadian doesn't seem like a viable option for Canopy so completing the rto with Acreage to merge the best of both companies and put down a footprint on US soil makes goodsense but even this is becoming very clouded and taking longer than we were led to believe.
I remember reading that Canopy wasn't concerned about US legalization and that it was no longer an issue so an explanation of the delays to complete this deal is overdue.
Not dealing with this dashes the hopes of shareholders of Canopy and Acreage and the cloudiness that comes with has this investor worried about an ulterior motive to take both companies as close to zero such that we can skip a few steps and screw-over the first run of investors in favour of the new company proposal of CUSA.
The original deal with Canopy and Acreage was valued at $4 billion but with STZ's hardcore business guidance for Canopy got this reduced to $38 million or about 10% of the original value which also put STZ management at the helm of both companies where they continued to set them up for the rto for the US marketplace which seems to have stalled out and the continued decline of the shareprices of both these companies speaks of a very different agenda, which gives me and my fellow shareholders of Canopy and Acreage great concern that they are trying to put this in the hands of the receivers to take whatever is left of them and STZ lending gets first dibs as the financier.
Was this the plan all along???
The securities commissions seem to be toothless dogs and possibly in coercion with this type of subterfuge which has me wondering why they won't deal with it in a meaningful ($$$) to prevent this chicanery.
STZ has done well with their hardcore, complicated deals and lending and investing in companies that are having difficulty. So much so that I can't help but wonder if there intentions are the same as my concerns!
If you think that todays price decline was shocking, wait to see if they proceed with the consolidation proposal because that will make it pale by comparison.
No more mixed messaging Klein, just the facts!
glta and dyodd