RE:Stock price when marijuana is "rescheduled" in the USA?If I had it to do over again I would be waiting for Canopy USA to launch CUSA is the symbol, I think.
Original Canopy took an approach to what to do with it that has been near fatal for shareholders.
The one for ten castration consolidation was huge and would have to be overcome by profits to ever get it back or a consolidation of 10 for 1 to make Canopy shareholders whole again.
That old $70 high that WEED hit would need to be $700 per share to do it for me and the chances are pretty bad of that happening despite that WEED has been leaned out and shut down lots of manufacturing to preserve capital and stop the financial drain.
Control is owned by Constellation Brands and STZ and the lending division has also set themselves up to be first in line if Team Klein puts this into bankruptcy.
The big plan is for Canopy USA to be a holding company that all involved are supposed to vend in to create a Canopy labelled multi State operator that can dazzle the US marketplace with winning skus that have already been market tested in Canada and tweaked as necessary.
The new guys have focused on the moneymakers and back burnered the losers but my sense is that they have taken this dangerously close to the point of no recovery.
There has been constant blather about black ink on the horizon for all of the disjointed companies but we just keep coming up short which is not good for WEED shareholders but leaves Constellation in control to rejuvenate or destroy this company.
The big plan of CUSA is ok as long as Team Klein doesn't declare bankruptcy. STZ lending would have first dibs on the companies assets and I suspect would continue on with the holding company idea.
The latest propaganda mailed to me suggests the new holding company should be allowed unlimited shares and involved shareholders would have no voting rights.
If that sounds good to you you need to talk with a financial advisor.
It is up to Klein which way this goes. I believe he wants to leave the WEED shareholders holding worthless stock certificates while all of the best of the best of what Canopy built gets vended in to the new holding company CUSA. I believe the Canopy assets are worth more than what the market does and are ripe for a relaunch by CUSA.
The proper thing for Klein to do is to declare his loyalty to Canopy and make sure that the shareholders don't get bankrupted with their shares but can be a part of the new MSO and regain some value.
glta and dyodd