RE:RE:EDGE OF THE CLIFF & HALT TO OBVLIVIONUnder Team Klein's management, they have talked about saving the company and making it profitable but this has escaped them.
We were supposed to be close to black ink, several times but keep missing it.
The BioSteel deal may just have been another way to drain the coffers to keep us in the red and driving the shareprice down.
If investors are subjected to bankruptcy of Canopy the lenders get first dibs and pennies on the dollar would be an overstatement.
All of those good parts of Canopy that have been singled out for success will be spoils for, Constellation Brands lending division.
The US plan for a holding company to vend together to be a huge MSO constructed from the best parts of Canopy, Acreage and the other investments that STZ have piled in to at firesale prices and they have secured some very nice potential brands and recipes.
Bankruptcy will be the final castration after the premature consolidation that cut shareholder's shares to a tenth of what they owned.
Klein could have declared loyalty to Canopy shareholders and doubled the shareprice by reassuring them that they would be a part of the US expansion plan but you have to believe your own eyes.
He hasn't done that and he came from Constellation and also contributed to Canopy's continual decline that it is difficult to believe that he would fockover all of the Canopy shareholders and also the Acreage shareholders.
An overall decline for almost all potstocks has played right in to his destroying the value of Canopy so that it can become his phoenix to rise from the ashes as Canopy USA with a huge trail of devastated shareholders whose shares will be worthless and the latest deal with no voting rights gives him a Putinesq control to carry on doing whatever he wants and free reign to destroy the new batch of shareholders.
It is hard to believe that he came from Constellation who have historically treated their shareholders well with their success with appreciating shareprice and marketcap as well as good dividends.
Actually Constellations marketcap has doubled by just about the amount that Canopy's has declined.
Pay attention shareholders so you recognize this if it is happening in your other investments where you lose them because the managment assumed the role of marketmaker with nefarious intention to convert shareholder value over to them.
Constellation cast their shadow over Canopy, Acreage and their other cannabinoid interests by moving on them when they were weakened and strategically put Constellation people on their boards to have their finger on the pulse.
I am heavily invested in both Canopy and Acreage and heavily underwater but refuse to dump out my shares for pennies. They will have to pry them from my folio which they seem well suited to do.
No committment from Klein and I just don't see that he is in our corner on this!