Zacks 2022 articlepretty good recap of the expectations for Canopy but sadly we are closer to step 4 of Oldweed's post today.
Sadly the speedy setup on US soil for Canopy/Acreage deal is anything but speedy!
The consolidation proposal for Canopy was a good move for Klein as an ambassador for STZ but his loyalty should be more like the Zacks diatribe nr where the main objective is being loyal to the shareholders of Canopy and by default, Acreage.
Consolidation from my experience with several that I have been inflicted with is that it is a last resort to admitting that management has failed and you are going to lose most of your investment.
When management is indistinguishable from the marketmaker and playing into the hands of destroying the potential of a company for the purpose of being the recipient at the receivorship.
All the investees can win by being successful with turning Canopy around and we are supposed to be close to that point. STZ, being the major shareholder of Canopy will benefit if Canopy shareholders do. There is a lot of valueable assets in the Canopy portfolio that are very close to black ink, so tanking the company for the benefit of the lenders and preferred shareholders aka STZ is a sting play. \
This is becoming business as usual and destroys companies of good potential which is why I believe shortsales open that door to destroy the potential of companies that fall victim to marketmakers and when Klein won't get on one team or the other is not fair to everyone but the insiders who are taking the company in a direction known only to them.
STZ was a major contributor to the excitement of the greenrush potential, presumably for being amongst the first in to being a member of the cannabinoid infused beverage business which showed amazing foresight that it looks like they are willing to squander by taking the shareprice to as low as possible.
Good for a tax writeoff, I guess, and even better for the snatch of a major LP all leaned out and ready to go, if he can live with himself as a wolf of Wallstreet.
Nov 9th, it should be more clear!