Shareholders are being dealt betrayalby the continual lack of clear and concise nrs that defy my imagination.
When Constellation tossed their hat in the ring, my expectations were very different.
That $5 billion initial investment secured a spot on the board and then they convinced management that the irrational rise in share value needed a new measuring stick of good old bean counter accounting principles of profit and loss.
They didn't stop and probably dumped another $5 billion to secure control and influenced the deal with Acreage.
That is when the sharks showed their teeth and appetite with a very Trumpenesque approach of renegotiating deals which really makes them, not a deal at all using my principles of judgement. Lie all you want and stick with the story until you have it all.
Longterm shareholders of both Canopy and Acreage are starting to feel the heat, like the proverbial frog in the pot story that we all are familiar with.
Constellation and Team Klein are willing to baffle us with bullshyt instead of impressing us with their brilliance and the future that the shareholders felt so good about has been strategically manipulated in to a position of total loss by disgruntling honest investors that there is no hope left for this company.
In the meantime Team Constellation have been dumping out the losing brands, even the bottling skus and facility that I felt was a good fit for Constellation, beverage distributor, to round out their reason for being in to the new vice of promise, a buzzy little thc infused line of beverages that shows huge health benefit for the bar crowd and patients for pharma use, mostly discovered by word of mouth from consumers finding pain relief, sleep aid and socialization easing similar to calorie and sugar laden soft alcohol offerings. A new health option, as it were.
Team Klein, it seems their leader is moving himself to high ground for the storm that is coming and leaving the new guy to break the bad news to the older shareholders that their investment has been deliberately destroyed with fancy, futuristic deals that can be revisited or renegotiated anytime the majority of the voting shares and lenders want.
Heads should have rolled over a lot of those business plays they inflicted on to unsuspecting shareholders, especially the BioSteel deal that they pumped and dumped but took another notch out of the value of the shares.
The Acreage deal seems to have happened but we didn't get the appreciation that should have happened although the warning signs were clear with Team Klein's unspoken plan of converting our company over to the preferred shareholders and lenders.
It is looking to me like they are going to get away with this which, to me, is grand theft by conversion.
Reality is a hard bytch and Team Klein is positioned to rebuild our best of asset value that remains or let the receivors benefit when they scoop up all of the parts that are worth anything and put a commensurate amount of serious effort to the new company to build a leading pot company rather than destroy it.
If Canopy and the original shareholders survive with shares in hand that haven't been forward split to maintain a listing requirement, it will take a greenrush of US proportion for us to be made whole.
I figure my $30 shares of Acreage would need to get to $900 for the last share manipulation they pulled off because they could, and did.
This guys were smart enough to destroy the sharevalue and have their way with us like a bunch of bagholding whores but can they put the original investors on top again like the good old Linton days.
Can you say: Irrational exuberance and will the US launch their greenrush or squander it?
I figure for the amount I invested and had destroyed in both Canopy and Acreage, I could have hired a professional hit and become a justice seeker.
glta and dyodd