Post by
geodcan on Aug 12, 2021 1:29pm
All companies succumb to being evaluated with accounting
principles. Canopy is no different.
Bruce Linton had a vision, raised enough money to pick up everything he thought he would need to build a tail to snout cannabinoid company. A lot of it was bought at a premium but investors liked what he was building and financed him to do so.
His coup bought eyes to a brave new industry and selling almost half the shares to Constellation Brands was the best deal ever.
It legitimized the marijuana and hemp industry because of the new partnership. Everybody had to take notice.
$5 billion C dollars buys you time to build a stronger, more viable business and our new CEO seems like the guy to do that. STZ has put in new management with an eye on the dollars and not so much the dream. Assets are being sold off and new ones purchased.
Proactive companies like STZ envision the future and build for it. They are a money making machine who saw that their soft Beverage Alcohol market was going to lose some market base to cannabinoid infused and chose to be a major part of it and they have deep pockets to protect their already significant investment while the powers who be, sort this all out, with the ultimate goal of a US greenrush.
Linton was the pied piper but our new management has an eye on the profit/loss statement which hasn't failed STZ.
Don't forget the Acreage deal which is inked to swap their shares for Canopy shares of which I am sure will be in short supply as American investors will back this deal. At current prices Acreage shares are a deal for the future plan unfolding.
Constellation, Canopy and Acreage Holdings are synergized together to maintain the Canopy reputation of being a world leader.
glta and dyodd
Comment by
Homestretch4me on Aug 12, 2021 10:24pm
I feel bad for you for being manipulated out of a generational investment opportunity. Not for the weak willed or faint of heart. I will feel even worse for you in about 5 years. You will regret your investment decisions. Good luck
Comment by
WestCoast78 on Aug 12, 2021 11:58pm
Interest rate to short canopy is currently .04%. Shame for anyone to manipulated out at this stage of the game. Especially if one has been around for 7 years.