RE:RE:RE: canopy not listed on TSX COMPOSITEGiven that all of this conglomerate is destined to be vended in to the holding company Canopy USA aka CUSA.LLC the next thing that is going to happen is that we will have no listing at all to follow as I believe Team Klein doesn't want a pesky, publicly traded company to deal with and all of the reporting and such.
Apparently ACRG A and B are being vended in to CUSA asap when/if it can happen at all.
Wana and the vape co are also intended to be in the holding company CUSA.
The LLC suggests Limited Liability Company which absolves all of the players of any liability other than what is in the holding company if their is a market revolt by shareholders.
When I worked in sales we used to say, if you can't dazzle 'em with brilliance, baffle them with bullshyt and this is an onerous and complicated take-over deal that I am not even sure they can pull off.
Immediately after Team Klein took the reigns, they gutted the value under the guise of cutting losses, even though they contributed heavily to those losses with BioSteel and continuing overpaying for assets they wanted to pick up.
What they are aiming for is a nearly decimated company of good brands, quite likely without pesky, old shareholders that they can relaunch in the US to be the once formidable player it was under Bruce Linton.
Team Klein painted a very dark picture for it's shareholders while still investing in brands and companies of cannabinoid nature.
By continuing with their tales of woe for Canopy and when they dropped that reverse split on shareholders they miraculously took the once, near equal marketcap of Canopy to Constellation and transferred it to Constellation's marketcap.
As a shareholder of Canopy and Acreage, I can only hope they take us along for the ride when they put the pump on the new entity.
Constellation has done well for it's shareholders and built value and payed dividends.
We can only hope!
glta and dyodd