Klein InterviewKlein was on the Dales Report today and did have a few interesting things to say. First, in regard to his departure, next March, he indicated that is somewhat based on committing to another 5 year term. The Board wants consistency however I do not think he wants to commit to another 5 year term.
He also mentioned that the recent $100 term loan payback will extend any debt repayments to Dec 2026, which we already knew HOWEVER, he kept insinuating that this opens the door to expand in the US. I think you can interpret that to mean they are looking to buy a few firms in the US. Considering Canopy's track record in previous acquisitions, I sure hope that is NOT the case. Biosteel- anyone!!!
Acreage will be concluded by April 2025, then we can see the consolidated financial statements for CUSA and Canopy. This is vital in regard to cash flow and profitability. Is Canopy profitable with CUSA integration? Not sure why Dales report can't ask that question. Even if Klein says he cannot answer because of legal reasons, we can get a read of his body language and insinuate based on what he says.
Still holding till Spring 2025. Good luck all!