Getting WEED to black inkwill be positive for shareholders but not as good as getting some clarity in regards to the consolidation proposal.
Also the merger between Canopy and Acreage will be a positive accomplishment and let Canopy and Acreage shareholders breathe a little easier.
Klein isn't being clear on what they are really trying to do.
All of the cost slashing and loss cutting will be good for Canopy as a company but if the earnings on the 11th are bad, that will set the stage for justifying plan b which is the consolidation proposal which, if it goes through, will leave the Canopy and Acreage shareholders hanging on to an empty bag.
STZ lending is first in line for slopping at the receivorship and all of that value and hope will be lost to the original investors.
STZ will wind up with an almost solid company and I suspect it will suddenly get a huge push to use the best pieces of Acreage for the US footprint utilizing brands and skus from Canopy and Acreage while those shareholders will have been stung.
Big money has a way of buying the pot and not opposed to doing it by not supporting their takeover target.
Not telling is the same as lying and Klein's team is talking out of both sides of its mouth.
On one hand he is fixing the company but also has it set up for the receivors if saving Canopy doesn't work out.
At one time Canopy was almost equal to STZ's marketcap over $20 billion.
How far this has been taken down is beyond commonsense.
glta and dyodd