RE:Canopy growth’s saviour Au contraire, lou64. Canopy is the 'white knight' in this scenario. Reaching out and pulling Acreage out of the financial quicksand they find themselves mired in.
Once rescued there is a reciprocal benefit on the horizon. Acreage will be a profitable enterprise when rescheduling happens. The ability to write off the cost of production prior to taxation is a game changer. Imagine if you could suddenly not have to pay taxes on 70% of your annual income.
In order for Acreage to survive and Canopy USA, to rise in a New American Market. All that is required is a measly $10mil.
With the ATM in place, Canopy has just established the buffer necessary for financing required to insure their future as an MSO with the ability to do one thing no other MSO currently can; export to international markets as well as sell in the USA.
Quinlash, may be a bit of a window licker but he's right about one thing. Rescheduling is big step and dramatically changes the story for Mj. Other changes will come in time.
You said the DEA wouldn't sign off on the rescheduling process. They did and the final strokes will happen in about 6weeks.
In the meantime I expect your brokerage along with the others here will ruthlessly short Canopy in an attempt to acquire as much of the stock possible at the lowest price possible.
I'm sitting on a little dry powder myself. Do us all a favour. Call bottom, so we can all see how magnificent you really are.
Just waiting to pull the trigger, mate.
cheers