250 million to try toshore up our shareprice.
Shareprice is speaking the loudest, down almost 10%.
It is a desperate measure imho!
As far as Acreage goes, it was Acreage management that sucked the funds right out of Acreage combined with overpaying, just like all of the acquisitors of pot assets did.
The lower this goes contributes to a great springboard for it to come back, not that it does anything for longterm shareholders but it is looking like bargain basement pricing for the newly leaned out effort and for marginalized investors to get on board for multi-bagger potential from wherever the shareprice settles.
There is a grandiose plan in place for all of those valuable brands to come together or the other option of being unable to support the value and raise money since the STZ lending has been pulled, for now!
I expect that STZ lending if first in line for Klein's team to scoop up the leaned down bankruptcy assets and they haven't stopped investing in pot stocks, just Canopy and Acreage. Pretty sure they would jump back in with investment funds if they get rid of all those pesky shareholders from their orchestration of bankrupting this, be design.
Right up there on the fence! Could go either way depending on the will of Team Klein and Team STZ. STZ is sitting pretty.
Wasn't so long ago that Canopy was near matching marketcap with STZ. Over $20 billion and miraculously most of that marektcap is now in STZ's camp.
I think Klein knows exactly what he is doing and he is sharp and ruthless, hardcore intentioned for STZ above all.
The confusion and lack of understanding is deliberate. Keep your eye on what money is left and where it is going.
I hope CUSA is publicly traded because private companies are secretive although these guys have a tight grip on news dissemination for Canopy and Acreage.
At least a publicly traded company has to do reporting and answer to shareholders. What we don't know is what the math is to do the CUSA deal to pull all of this potential together to be doing business in the US with all of the brands secured and market tested and chosen as winners just like STZ's initial investment in Canopy and the pursuit of control of all of those other brands like Terra, Jetty, Stors and Bickel, Martha Stewart and the ones I have forgotten.
We don't need any more outrageous slopping at the trough like the Murphy team did with Acreage by giving Boehner and Mulroney $13 million for their mugshot or another bad business deal like the BioSteel.
I met a guy at one time that figured somebody should shoot a politician, judge and lawyer once in awhile to scare the rest.
Anybody want to invest in Hitman.com, lol?