RE:RE:Terrascend investmentI don't know what Klein can pull off as far as the Canopy and Acreage deal are concerned.
Despite him saying that they aren't waiting on some new US legislation, they are waiting on something.
Most know that STZ has controlling shares of Canopy and have taken WEED down hard with the consolidation being the worst thing that has happened to original shareholders.
They have a whole roster of bad news in waiting to be released, by my reckoning, for when they do tank this to bankruptcy so STZ lending can scoop up the assets as collaterol to protect their loan interest.
I believe that STZ has Acreage and all of their assets in the same situation of all cleaned up and broke, ready for a nefarious takeover, maybe strait to CUSA Holdings where they will reap all the best of both companies and royally screwover the original first wave of investors with a clean slate.
I am also willing to bet that STZ gets behind the new entity 100% with financing and positive intent for the new company as a major US MSO.
The words are telling us that Team Klein is trying to put WEED back on the rails to profit but the consolidation announcement drowned out what they say their intentions are.
Klein won't say which shareholders he is taking care of and loyal to. If he tanks WEED he will be an azzhole but he will be a hero over in the STZ camp.
Small investors are stuck in a world where integrity is lost in favour of profit and because others are doing it, it must be ok. STZ is masterful at doing deals that can be changed but they also walk in Warren Buffet's shadow and wisdom to buy when others are fearful which they did.
The actions of these managers suggest that retail shareholders of Canopy and Acreage are fair game for destroying any value that they once had and it will take political change to fix this recurring problem but too late for Canopy and Acreage shareholders.
The acquisitors seem to reap the spoils!