Vote of confidence for Organigramand a bootfull of cash.
At least one biggie is willing to make a move on the future prospects for cannabinoids.
My understanding is that OGI is a leader in Canada as a favourite sku provider and I am not up to speed in regards to doing business in the US.
Big money can change the sentiment and hopefully there are more to follow, maybe even a suitor for Tilray.
Canopy already has their Americanization efforts inked and paid for with the exception of some shares that need to be printed to swap out for Acreage shares.
Canopy says that they aren't waiting on the US politicians to fix their pot bills to swing the door open for non US players but they seem to be waiting on something and also seem to be setting Canopy up for the scoop by STZ by setting up a consolidation proposal that will screw Canopy and Acreage shareholders out of their investments.
Nov 9th for Canopy financials which could confirm to shareholders if Canopy is sustainable or not. If not, Klein has set up a consolidation proposal that will drive the final nail into the hopes of Canopy and Acreage shareholders and his original employer will be first in line for the leaned out assets of Canopy and Acreage's brands and such that they intend to vend in to a new holding company called Canopy USA.LLC.
This nr on the 9th will determine Klein's colours and who's interest he has at heart, STZ or WEED/ACRG.
Remember that STZ was a first mover of a non pot company making a significant investment to lock up their future as an alcohol and pot company.
Actually, I think it is fair to say that they started the Canadian greenrush and opened the eyes to the potential for all of the others who dove in. Sadly the Canadian government built in too many ways out that crippled the potential of Canadian potpreneurs such that we are now looking at International options and there is non better than the US potential despite their politicians churning all of the pro-pot bills presented that would launch a US greenrush.
Canadian LPs have been hard hit pricewise but most have intentions of being in the US marketplace.
Organigram delivered a good news for pot nr. Now it would be great to see Canopy deliver on their deal with Acreage and get serious about their US intentions or Tilray to announce a suitor or whatever it will take for them to get going in the US.
glta and dyodd