The sting!I was leaning towards a nr where we declared bankruptcy because I just don't get the feeling that Team Klein isn't going to tank us.
The consolidation was premature and flocked over long term shareholders of Canopy and by association, also Acreage shareholders.
Klein on BNN today, it is clear that the big plan is still in place to utilize the holding company CUSA to vend in all of the assets that are left and recent purchases of some good brands to join forces and become a mover and shaker again in the world of cannabinoids.
No bankruptcy today doesn't mean no bankruptcy tomorrow or next financial.
Canopy shareholders got castrated with a 1 for 10 consolidation that was premature at the very least. I still don't know what the big deal is about getting delisted from the Nasdaq as it seems they have adopted the same backazzward rule of touching the product could cost you the listing. I thought it was all about dropping below a dollar shareprice.
If Canopy goes the bankruptcy route, Klein could still be golden in the eyes of STZ lending which is a division of Constellation Brands who I believe have first dibs on Canopy who have been painted as a losing entity even though it is Klein's painted picture of a company in failure with no recourse that could almost as easily be giving nrs of hope and reconciliation to get us back to being a winner.
The glass is both half empty and half full depending which side of his mouth he is talking out of.
I beleive that actions speak louder than words and kudos to him for taking care of STZ lending and a good flinging of horseshyt for his premature consolidation.
He is continuing to lean out Canopy by getting rid of the losing parts while bragging it up about the potential.
There is no hype about the holding company and the revenues produced by it while I am more confused about who is buying what in this regard.
Canopy has a takeover deal with Acreage A and B and I beleive that Terrascend was financed by Canopy but is it Wana that was invested in by STZ???
Is CUSA going to be a publicly traded company or not?
If Canopy is forced in to bankruptcy, does the Acreage deal still stand or does it all become a write-off?
The $38 million that Canopy spent to revisit the deal with Acreage is chicken feed at the rate we have been burning through the cash. Will Acreage be turned around to reflect the profit that we were told we were so close to or will it be in the collaterol pool of a bankrupt Acreage.
This whole conglomeration has been confused by all of the moving parts and deals and they all lead to STZ being the benefactor of bankrupt companies with Canopy and Acreage shareholders left holding their empty bags.
I will invest in whoever makes this in to a movie, just so I can figure it out!