RE:New Press Release - Canopy Growth Announces that BioSteel Obtains Court Approval of Successful Bids in Sale and Investment Solicitation ProcessDoes anyone remember why Canopy got into the whole Biosteel endeavor in the first place?
Were they hoping to eventually add cannabis to it?
What is their plan of action now, to grow high quality strains at relatively low cost?
Hasn't that been everyone's plan of action all along?
Its just their latest excuse to keep up hope in the company.
But some of the other LP's are already ahead of the game as far as profitability and low cost quality product, and the public, if they ever were, are not believers in the tweed name when it comes to purchasing, and Canopy hasn't the funds or backing to buy anything or anyone out anymore.
So they are on their on, on a sinking, broken, bloated, ship, hoping to catch some tailwinds south of the border, supported by a small, shrinking army of myopic retail investors, trying to salvage a few dollars from passing rumors, until they eventually become insolvent, lol. There's only one thing you can be sure of, management will get compensated very well until this storm is over.