Nothing fair about the sharevalue of this companysince STZ has orchestrated the downfall of the leading potpreneur in the world.
Jorgeson, if he's got a plan, should get it known to shareholders and shareholders deserve an explanation of how all of these grandiose deals are going to restore their investment potential to make them whole again.
How is CUSA LLC going to honour the retail shareholders by turning Canopy shareholders investments towards reaping that black ink that we were so close to, at one time, before BioSteel and deconstructing Canopy and Acreage's losing investments.
Constellation stacked the boards with loyal directors who systematically eroded the value of the two main companies and the brands that show so much promise.
Reverse split share consolidation is the newest move that has overwhelmed my portfolio, mostly potpreneurs to wipe out the potential future value that was so prevalent during the greenrush that Canada experienced.
Constellation, of their own freewill contributed heavily with their $5 billion Canopy share purchase but quickly changed direction and their opinion that they overpaid.
This started a snowballing of all of that future potential that pot shares held but Constellation continued to pick up enough shares to have full control, at bargain basement prices.
They also positioned themselves with some of the best brands, all the while, targetting the huge US marketplace to launch back to the world leading potpreneur.
Reality is a harsh mistress and almost every pot company switched to profit and loss assessment of the value instead of the irrational exuberance that dominated the market and caused so many to overpay for startup companies.
All of that overvaluation created revisit rights for deals that were struck but with that option of walking away or re-evaluating which took the Acreage/Canopy deal from $4 billion to $170 million and also justified reverse splits that wiped out most of the potential of those once dearly priced shares.
I blame Constellation for this tactic which afflicted Canopy shares and Acreage shares who also had a deal that they needed to maintain a $5 shareprice for the deal to happen or the shareholders would get zero value.
I don't even know how this escapes the scrutiny of the SEC.
This shareconsolidation is just an easy way to convert the value from retail shareholders for the benefit of preferred shareholders and lenders who always get to slop first at the collaterol value of bankrupt companies.
My big issue is that shareholders weren't honoured but rather, ignored while these companies were destructed.
No worries though as Canopy is supposed to hold about 80% of the value of CUSA which we are told is happening but I can't find out what value is held by being in this enviable position.
I also heard that the real value of the CUSA merger is 13% and I can't get an explanation of what is true or false so I believe that most of my investment in these two companies has been systematically converted for somebodyelse's benefit.
How they have gotten away with this is outrageous and should have shareholders in arms.
David Klein seems to be taking an early retirement and Jorgeson hasn't given me any hope that this deal is going to happen or not!
I have several pot investments that have utilized share consolidations and now believe that the minute those are posted that management has declared defeat and are out of ideas and money to justify this steal which is what it looks like to me.
I'm going to go and oil up my gun and site it in, just in case my urges overwhelm me, lol!
A whole new breed of management has taken root, especially in pot stocks and they are short on integrity and honesty.
My letters of concern have gone unanswered.