Buzz on the Bullboards: WEED announces $3.4B U.S. acquisition | 2019-04-18 | Investing News | Stockhouse
Good refresher for how we got to where we are.
When a deal is not a deal!
Constellation are hard core and are slipping all of the potential of long term investors in to the marketmakers pocket.
They grind and grind to revisit deals and have put together a nice little group of brands plus the leading potpreneur Canopy Growth by burning through cash and continually turning the tide from black ink tomorrow for both Canopy and Acreage Holdings to this no-mans land of dissappearing stock symbols and the ability to follow developments.
Constellation strategically installed their people on to the boards of Canopy, Acreage and some of the brands that they locked up for the grand consolidation of CUSA with no listing, Acreage who's listing dissappeared with the rto with Canopy.
Constellation made and trashed Canopy with their creative, devious deals and contributed to the decline of Acreage by pocketing cash in to the pockets of Boehner and Mulroney and other Murphy buddies.
There is nothing that will turn this around except US Federal legalization and even then, we don't know if they can pull this off or if they have destroyed this for a huge writeoff for the benefit of Constellation Brands.
If the new management can revive the potential to get all of those great brands screaming off US shelves, somebody is going to make some serious money but not the long term investors of Canopy and Acreage. They have magically destroyed the future potential for us as investors with their creative, subject to deals that aren't really deals if they can revisit them everytime they take them down a notch, deliberately imho.
The survival of these junior markets as a last resort for financing is in serious jeapordy if this kind of business dealing negates the profit potential. I truly believe that some of these guys are deliberately doing this with the intent to convert the potential for their own use, leaving the honest investors holding their empty bags of wallpaper stock certificates.
There is all kinds of talk to generate some serious changes to the stockmarket rules but little will to do it.
Short selling, stock consolidations and management that isn't operating in the shareholders interest need to be adressed. The slaps on the wrists that these guys that get caught experience, is not a deterrent but more like business as usual, maybe even a source of bonus money for the securites watchdogs that build the cases to justify the fines.
Maybe that justice seeker that took out that ceo of the insurance company has the right idea that death is the appropriate penalty, not just a few dollars in fines.
Both US parties are desperately searching for causes to govern, so how about dealing with the problems I have mentioned to bring back some integrity and honesty for those that are willing to invest in publicly listed companies.
Shoot one and scare the rest!
glta and dyodd