feel free to add and discuss. The bears can keep hammering on these but who cares. The stock isn't at 70$ anymore. Is their value here at $1.50. I say yes.
1. Bruce linton got 4 billion from from constellation, very good, and got people excited about cannabis.
2. Bruce linton spent money like a drunken sailor. Every acquisition was an overpay and most weren't needed and written off. Very very very bad.
3. His spending led to the company employees spending stupidly on SG&A. Also very bad.
4. Klein came aboard and waited two years to slash and burn thus wasting the last two billion. Very bad.
5. Klein who was a cfo did not keep an eye on product quality at the beginning like lint on and people got pissed cause the product sucked for a while. Very bad.
6. Bio steel was a cash drain and he didn't keep his eye on the ball. Very bad.
'now he is cutting costs so they can survive. This is good. They have assets in the USA that they can consolidate and will make them the 5th or 6th largest mso.
''the drinks which are a garbage market will explode up once reschedule. Meaning can be sold at events, bars etc.
'they are also backed by constellation, whom might be figuring out how they can steal the company back or support canopy in the USA.
anyway the company blew it but is probably worth more than 1$ a share and with the biosteel announcement might be able to help get sg&a to 150 million from 315 million