Post by
geodcan on Mar 20, 2021 7:42pm
Can they
Not sure but they already have a deal that should stick subject to triggering events and such. I kind of wondered how and what would happen if they just started buying the shares in the market. The latest revisit to the SAFE Act is protectionist against and prejudicial to Canadian investment dollars. Lots of pitfalls there to get snagged up on.
Is Canopy considered mostly Canadian or are we a World Class International Company. STZ might have a lot of influence in their lobbying efforts because it isn't good for them either. Law and Policy makers always want to leave themselves loopholes to back out of deals and US MSOs should have concerns as Canada wrote the book. They have done well navigating the changing playing field to build some great MSOs and Acreage seems to be the most unloved of them all after the deal revisit that sucker punched Acreage shareholders. Right now we are relying on the US greenrush launch done in a sensical way to be able to march towards profitability and the branding deals look viable. Both Acreage shares are only netting out at 1B market cap and the original deal for Canopy to take it out was estimated at $4.3 B.
Canopy is a world International leader marijuana and hemp company and won't give up until they get it their way. Singling out Canadian LPs to exclude them from banking is a whole lot silly because we already own 70% of Acreage and operate as once removed from touching the product.
When the haggling and politickin' is done Canopy will take its rightfull place. Don't forget that US investors are heavily invested in Canopy, so much so that they might own controlling interest anyways. glta and dyodd