TSXV:NDVA.H - Post by User
Post by
geodcanon Jun 13, 2024 4:41pm
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Post# 36087970
gheezus, I am way too optimistic!
gheezus, I am way too optimistic!I said this has STZ written all over it because that is how they operate and are the controlling interest of Canopy who own 20% of Indiva, Canada's major manufacturer of cannabinoid infused edibles.
I was hopeful that I was bargain basement shopping for a viable company but this is Canadian and Canada has crippled the pot biz so badly that more money is probably being made on the black market here than this company.
Sadly, the best hope is for a US MSO or Canopy/STZ to take this over for it's future potential but there is no guarantee that they won't tank it to pick up the valuable pieces that are left over for lenders and preferred shareholders.
Everything I own that has a STZ fingerprint on it has turned to shyt with the only hope being Federal US legalization for pot.
At a 20% shareholder of Indiva through their Canopy ownership of shares, I am not sure if they have infiltrated the board of Indiva like all of the other stocks that are defying commonsense, but I am sure they might have influenced Indiva to bring the value to near zero.
Canopy shut down their gummy production in favour of Indiva doing it which makes sense, especially as a large shareholder. Taking these to near bankruptcy leaves them easy to push to bankruptcy and asset distribution for near nothing where they can secure the best assets left which is the best case scenario for whichever businessplan they support. Resurection of a down and out company or bankruptcy where struggling concerns can benefit from barely viable companies with an influx of cash as a lender or preferred stock deals.
I am sitting on several of these STZ tainted deals where we lose the Canadian listings due to some order being handed down by the SECs but they continue to be picked clean on the US exchanges because they don't honour other securities decisions.
I am beginning to believe that Canadian listed pot companies don't have a hope without US legalization, however that comes.
Even Canopy which once was THE world leader of pot stocks.
Interesingly as the STZ technique is implemented, they are still investing in good brand pot stocks with intentions of vending them in to Canopy USA aka CUSA.LLC
More questions than answers and actions speak louder than words.