Financials are out before market opening on a FridayTeam Klein, aka, the bad news bears are going to do a financial report.
I don't know what their intentions were initially for BioSteel but it seems to be a mistake on the magnitude of STZ's initial investment in Canopy.
It is a costly mistake and taking the hit on dumping it out stinks up the team management such that I wonder what ever enticed that investment to happen.
Did it look like another hot brand that CUSA wants in its portfolio if/when it becomes clear of our US intentions that are all set up and promised but yet to happen.
Another Canadian LP, ACB has announced a 1 for 10 consolidation which speaks volumes about investor sentiment for Canadian pot stocks that once were drawing investors in with fistfulls of cash.
Team Klein could execute fair treatment for Canopy, Acreage and STZ shareholders with them all going along for the upside of sharevalue which is why we are here or their actions have me major concerned over him tanking Canopy for the benefit of the lenders and preferred shareholders.
I can't let go of the "sting" that is all set up for Canopy shareholders if this happens.
Financials need to show black ink which suggests option 1 of Canopy, Acreage and STZ being privy to the upside potential.
Heads should roll over that BioSteel deal and without the golden handshake that so many in management think they are entitled to.
Where do Klein's loyalties lie?
I don't know and until we do I don't expect any upside!
glta and dyodd