RE:Tomorrow morning WEED will announce bankruptcyInvestor sentiment is not good!
I am fearful for my pained observations of our management team that has left us as vulnerable as we have ever been.
We could wake up tomorrow to the declaration of bankruptcy and by my calculation the lenders will collect on their collateral which is a leaned out and tweaked up Canadian LP that is ready to do business in the viable US marketplace.
I don't know if the same is in store for Acreage but the residuals of Canopy and Acreage, in the right hands can be a very nice option for investors, if it is publicly traded under a new name.
Sadly with bankruptcy comes the finality of the Canopy shares and probably any deals they had inked because the ownership of the best parts will be settlement for STZ lending.
Acreage has been held in limbo too as an underwater Multi State Operator whose bankruptcy could be as imminent and triggered by the cancelled deal with Canopy.
Team Klein may still use the name Canopy as suspected by some and the symbol CUSA but original investors in Canopy will be left holding their empty bag.
I believe that STZ is in control of most of Acreage shares that are near worthless by comparison to some of the values it once held and even if they don't tank it, they control it and it is mostly worthless because there is no will for this to succeed with original shareholders partaking in any upside.
STZ are smart operators who got hooks in to some very lucrative companies that could complement a multistate operation by financing them or buying cheap shares and installing their people on the boards of these companies.
These companies will appreciate when there is a will by management to quit singing a song of gloom and supporting their story with bad investments like BioSteel who they painted as a loser right after purchasing it.\
This is marketmaking that is all in with an ulterior motive to take control of the companies at bankruptcy prices. They can then finance it again with a positive, winning gameplan and ressurect all of the parts to their original perceived value and success.
Won't be long now and we will know with the awaited financial before opening tomorrow.
glta and dyodd