RE:RE:TNY dropped the bomb!Just consider it a footrace and the larger the consolidation is the same as how much of a headstart do they want?
Larger consolidation means deeper cuts to existing shareholders for how many shares they have left to try to regain their losses.
I have never been privy to a stock split where I wound up with more shares and my experience is also that the shareprice of the companies that have inflicted this on me quickly revert back to the preconsolidation shareprice which is a huge kick in the gut and pocketbook.
The larger the consolidation they pull of is a barometer of sorts of how much of a lead/advantage they need to try to ressurrect sharevalue.
I have been involved in TNY since it's inception and in hindight, I should have sold back in the $2 Hemplify days.
I do believe that cannabinoid infused drinks are going to be huge winners when the stars and moon line up but the politicians are dug in on advancing our cause. Lots of promise but nothing concrete to help our cause.
Legalization, rescheduling or any other pro-pot policy that helps to level our playing field with beverage alcohol will have the light alcohol people venture back in for the healthier replacement sku for their light alcohol options or the few contenders that push the status of pot products to pharma quality are going to make money.
The pot stocks have vice qualities and also pharma potential and most certainly have soft alcohol manufacturer/formulators on edge.
Both categories of winning potential for winning investments but TNY needs a leader that can deliver this potential. Lots of name brand people are spinning their wheels and burning through cash in a beat down sector that is getting tired of waiting for the lawmakers to take on the black market.
Rather than this reverse consolidation I would prefer to see the black market get involved because they would make something happen as they historically have done.
Don't hold your breath on Federal pot legalization because the politicians are safer just letting this happen one State at a time rather than putting themselves in the crosshairs to play high stakes Cartel games.