RE:We all know how this one will go 💥 🚨 Me too! First that premature rollback consolidation that I equate to a castration of existing retail shareholders of Canopy and right on that donkey, a fundraiser for shares.
This has cost WEED shareholders dearly and all of this rightsizing for profitability seems elusive.
It certainly appears that Canopy is getting rid of the deadweight in an attempt to have assets that can be profitable.
I have to question the convenience of BioSteel being classified as a moneyloser from when they bought into it as a good investment. And then the dilution right on the back of that to raise funds immediately after a questionable consolidation that effectively triggered a removal of shares and created a very difficult slope to try to make shareholders whole again.
Team Klein's actions are showing a very different future for Canopy than all of his bellowing about saving the company.
Who is he saving this company for? I'm having serious doubts that it is me, as a Canopy shareholder. Commonsense is telling me that this is looking better for the STZ lenders to benefit from exercising their collateral rights to leaned out Canopy Growth asets that are on the verge of profitability.
The consolidation of our shares was too soon imho and the negativety generated by that deal is going to result in the shareprice reverting back to preconsolidated shareprice because they don't have a move to foster price appreciation of our shares and it is hard to not imagine that there is an ulterior motive happening to convert Canopy assets to the benefit of the Canopy USA that they have in the works.
RTO ing Canopy to Acreage is more of a problem than we are being told, even after assurances that Canopy isn't waiting for their Stateside ambitions.
If/when the Canopy/Acreage deal happens, what are Canopy shareholders going to get out of it?
It is looking more and more like the focking were getting isn't worth the fockin' were takin'!