TSXV:NDVA.H - Post by User
Comment by
geodcanon Jun 10, 2024 5:52pm
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Post# 36081729
RE:RE:It probably would have been better
RE:RE:It probably would have been betterI bought a sh load and did average down, go figure!
Big money and marketmakers or maybe Canopy/STZ are trying to tank this too, which is their motus operandi.
This is a cost plus business and a leader of sku production to the pot industry in Canada.
Canopy signed on for their gummies in Canada with Indiva and own 20% of Indiva's shares.
They, under STZ's managment scheme like to take their investments when they are on the ropes at low ball prices or by lending them money.
Lenders get first shot at bankrupt assets, then preferred shareholders.
Study up on Canopy, Acreage, Terra, Wana and the others that are being vended in to Canopy USA in a complicated, longshot, maybe not even feasible deal because it is going to take securites and law enforcement approval for them to vend it all together to capitalize on the synergies of cutting most of the management wages and renumeration.
When some marketmaker, big money types take a company to the verge of bankruptcy, especially a pot company, it is easy to convince people that it is a lost cause and sweep in and scoop up anything with value.
Canopy is a prime example and their ambitious US deal for Acreage US MSO.
They have tanked the value of Canopy which was a star performer until they took control and tanked it to where it is today. That justified a consolidation which they did at 1 for 10 shares of Canopy which gutted the potential right out of the deal for long term shareholders.
The deal they inked with Acreage for a rto has a consolidation built right in, to happen when they trigger exercising the deal to take it over.
Now they want to vend all of Canopy and Acreage, plus all of the other bargain basement deals they have been picking up in to CUSA,LLC which I am betting is going to be a private company with even less business info being disseminated to shareholders than there is now.
That is one of the advantages of taking these companies to the brink of disaster.
STZ still wins if they bankrupt it and the investors that financed the whole deal are left holding thier mt bags.
It is dirty business as far as honest shareholders are concerned and I am praying for a roaring kitty replay to smarten these guys up and hit them in the pocketbook.
glta and dyodd