RE:RE:RE:RE:once US approves MamajuanaIf team Klein would just put out an nr of committment to Canopy shareholders in regards to the consolidation proposal not happening until all alternatives have been executed, that alone, would bolster the shareprice and put Canopy and Acreage shareholders at ease and maybe even in the buying and supporting the shareprice to get it back to the US dollar minimum requirement to remain on the Nasdaq.
I don't see the big deal about being delisted on the Nasdaq but another potstock that I own let their Nasdaq listing go and it was a disaster. One could say that losing that listing was what triggered the decline. It's name escapes me at the moment but it was an important event for that poor company.
If Canopy can't hit the dollar range again for 10 days, dropping down to a lesser exchange is better for this shareholder than getting robbed of my shares at 1 for 5 or 1 for 15.
My experience with these consolidations is that it has been a deathknell for every one that I have been subject to. The negative sentiment takes the shareprice back to preconsolidation price and you now have a portion of the shares to try to build back on.
Klein's not talking about his committment to Canopy shareholders suggests that his loyalties might still be with STZ Constellation Brands who already have control of Canopy and Acreage. Acreage has been orchestrated down to a fraction of what it once was and the terms of the shareswap are effectively going to force a consolidating effect on Acreage shareholders shares and they are already at dimes. Also same story in their camp that they are setting up and almost profitable for the merger between Canopy and Acreage but keep missing the black ink, just like Canopy does.
In Acreages case it is my opinion that the politicians involved cleaned out the bank accounts and deliberately tanked it for their own takeover needs.
In Canopy's case, I believe that management actions could have tanked our shareprice too.
It is just too easy for Big Money to screw with the numbers to cause change to the sharevalues.
One thing for sure for a takeover is the cheaper you can force the value of a company the easier it is to ressurect the values after the receivors have taken posession of all the valuables that are left.
I don't know the whole history of STZ but they have had a pretty superior rise in value while paying dividends and improving their marketcap. Superior might not be strong enough, maybe extraordinary and they do have a reputations for being hardcore, ruthless, money-orientated and Klein had no problem securing $40 million renumeration package for a company that he was at the helm of that went from over $20 billion marketcap to the $500 million that it is now.
Not so long ago after Constellation took the wheel at Canopy both Canopy and STZ were at $20 billion marketcap range.
If Klein consolidates Canopy it will be to the benefit of STZ and Canopy and Acreage shareholders will be fertilizer from which they grow a US MSO.
Not telling is the same as lying in my mind!