RE:RE:looks pretty certain that the fixed ACRG shareholdersIt is hard to accept that the whole securities and banking system is rotten to the core to allow this kind of chicanery to happen to honest investors.
When management bullies their way around to secure the value that honest shareholders bought and paid for.
It starts at the top with lawmakers and watchdogs that are derelict in doing their duty to monitor and control these conversions.
I am particularly sensitive because I invested in a half dozen companies that are getting away with deliberately running these companies in to the ground.
Their management is shameless to slop at the trough for exorbinant renumeration despite their actions to destroy shareholder value, I guess, with the intention to come around and scoop up whatever is left of value.
Ever since Constellation helped to launch the greenrush that Canopy experienced they have done questionable deals and publicly worked to convince investors that the companies they just overpaid for are headed for worthless.
I don't know how they could even do this forward, sometime in the future deal, that isn't really a deal because they can change it at will, anytime they want.
They seem to be securing good brands and other assets through these companies while shutting down the miriad of brands that don't show potential.
The Acreage deal made good business sense as a necessity for the US Internationalization of Canopy, leading Canadian Licensed Producer and they installed Caldini to prep it for all of those market tested brands from the Canopy stable and told us how close it was to black ink or that we were already there but because of some accounting bs couldn't include that in Canopy's financial report to prove that we were generating black ink.
Then BioSteel was our darling and in short order we got the same story that it was the best and oops, we focked up and overpaid and can't make this work despite it was our first choice for this type of beverage sku.
One step forward and ten back to give Canopy another black eye after shutting down the Toronto bottling division which I believed was the reason for Constellation to join to expand in to the pot beverage market.
It is too easy for these asholes to destroy the integrity of a company and then come up with all of these long lost plans, that I question are even legal to conjoin them for the win.
Klein got his $40 million for doing the deed and the new guy needs to ride in to town as the John Chen to save the patient.
Whether Canopy and Acreage survive for the benefit of the long term shareholders doesn't seem to matter to these guys, at least while they are on their mission to destroy credibility as a publicly funded and traded company.
Constellation will still be first in line to scoop up whatever is of value if they tank it. They just won't be scooping up any of the original shareholders.
The whole system is rotten from the top down where banking pays huge fines only to do it again because those huge fines aren't enough to deter their shameless actions. Same with brokerages, banksters and big money.
Short sales need to be outlawed as step one and instead of a big fine those that do this kind of shyt need to do a little jail time. If that happens they would be able to fill all of those jail cells to secure the prison business against all of those wicked pot smokers that are taking up space and generating revenue.
I see Klein picking up a nice tropical island, maybe Epsteins where he can party the rest of his life away with the proceeds of "fockins's inflicted" on shareholders who have integrity and honour.
I am imagining how that justice seeker delivered a lead solution to the CEO of a huge company, presumably to send a message to all of the rest and the suggestion that he was involved in insider trading despite his $8 million dollars worth of renumeration.
Our guy got $40 million and I am sure a golden handshake too while he rides off into the sunset after destroying the marketvalue of Canopy and Acreage, both a leading LP and MSO.
You can thank Trump who coerced his insider judges and Supreme Court that you can legally lie all you want as long as it isn't in court.
Despite my lack of conviction for the religious sector, I am going to pray a little that the stock market system survives as a necessary part of the company building financial resources available.
Securities watchdogs need to be held accountable to do their job and maybe that justice seeker that shot that CEO delivered justice for a crime.
glta and dyodd