RE:WowI would imagine some shareholders voted for it, not that Klein needed their votes because as I understand it they have had controlling shares since near after their $5 billion from the STZ camp that secured close to 40% of the shares.
It also helped to open the eyes of the pot investor community and I believe heavily contributed to the Canadian greenrush and it didn't hurt the US pot investors either or others.
Klein can do the honourable thing and keep WEED, CGC, ACRG along for the ride or he can continue, talking about his intent to fix the company and pulling off the biggest thing to affect the investment community which is the consolidation. He can go both ways! He can continue dumping out assets saying he is setting the company up for success or he can declare defeat which means tanking the company and the lenders get first shot at the residuals which are formidable, tantamount to the good old days of Canopy when it was riding high.
Canopy has dumped out all the moneylosing parts, set up branding deals that will hugely benefit doing business in the US and Klein can do the right thing and make sure the first run of shareholders go along for the ride when this morphs into Canopy USA or let the marketmakers tank this to bankruptcy. I am not convinced that team Klein aren't the marketmakers.
Or, when all of these assets come together, as is the plan, Canopy et al will rock the US and International players and be a leader, again!
Klein's not talking is leaving Canopy in limbo while management already destroyed Acreage, valuewise, from the inside out. Canopy only needs to print up shares to swap for Acreage shares. $38 million already paid to revisit the deal which was once valued at over $4 billion for Canopy to rto Acreage.
Klein's first $5 billion seemed to be way up there but he continued becoming a potpreneur with loans and taking up shares on the cheap, which is great business for STZ shareholders, when it all comes together for the US marketplace.
The consolidation was way premature, so makes me think that they only have STZ's backs.
One nr saying that he is going to take care of the first in shareholders could double the shareprice but that is a commitment that he isn't readyto make.
And we wait...............for direction, and to see if he is honourable!