Post by
geodcan on Jun 24, 2023 6:32pm
Significant increase of shares traded afterhours
of Acreage A and B.
From near no shares traded to hundreds of thousands.
If Canopy/STZ sets up a footprint, through their deal with Acreage, already inked, paid for except for shares, I believe that there won't be enough shares of Canopy for when the rest of the US investors that aren't in, pile in to be a part of a leading potpreneur LP moving up in status to US MSO.
One segway to Canopy shares is owning Acreage shares that will be converted/swapped out for Canopy shares.
I don't know if Canopy/CGC can fold up their shares to the new proposed Canopy USA but Klein thinks they can which would give a fresh new name to add to the potential of a leading Canadian LP putting down roots on US soil.
The intent is there but I don't have a gameplan like Klein thinks they do which really screams for some nrs to pacify shareholders.
I know that this is a big leap of faith after the gutting that Canopy has taken but it seems that Klein has sharpened the axe at the chopping block to turn around the financials and continue with deals like the NDVA settlement for Wana Brands and I noticed TER just got a TSE listing which is a real legit exchange in Canada with high standards compared to our CSE junior that I affectionately call the Cannabis exchange to go along with Canada's notorious VSE mining exchange, all extremely necessary for sure the CSE for the American investors that seem to be short of exchanges willing to trade cannabis stocks.
It is still Federally illegal to trade pot stocks, borrow money from banks and use credit cards for pot purchases in the US although there were 24 million shares of Canopy traded on Friday @ the Nasdaq despite the Federal laws that desperately need to be changed.
Considerable Canopy shares trading afterhours too which could be shortcovering or brave investors hoping to taste some of that upside that could repeat itself for Canopy, especially if there is a short squeeze that I believe contributed heavily to the shorts and marketmakers controlling this until they don't.
As beat down as Canopy is, there is a plan in the works. And despite the confusion and doubt that they can execute that plan, there is some hardcore management that believes they can and they put a lot of money where their mouth is and continue to support it while they try to make it happen.
When they pull all of this together it will shake up the pot biz just like they did when Linton sold the dream of Canopy Growth world leader!
glta and dyodd
Comment by
Coloradobuff on Jun 24, 2023 11:20pm
This company was a dumpster fire. They burned through 4 billion and now we find out biosteel is killing them. That said, now that they wrote off 2.4 billion and are trying to get cashflow burn to zero they could be worth a shot at .50 a share. I wouldn't put a lot but hey 10,000 ar .50 if you want risk could be a good play.