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Great Midas Letter interview with Linton in his backyard:
EMH and their garbage JV with VFF? No way. Bruce isn’t dumb. For the record VFF is a good company too much the partnered with EMH too early only to gain access to a license.
If Bruce stays in MJ (doubtful) it won’t be Aurora or Aphria nor Cronos and sure as hell not CannTrust (what a major disappointment with them).
My best guess would be Nutritional High or Organigram.
Great BNN interview with Bruce today. He’s already involved in 3 new companies. I’m so excited to see what he does and I’ve got my money ready to invest (if it checks out :-p).
I hope he does something in tech ??
Imagine if he triggers legalisation proceedings towards the end of the term and runs it as a campaign promise. Then wins the popular vote thanks to a support base of bible-belt folk, trade protectionists, and...POTHEADS.... .... ....
Oi veh! :-p
Agreed. It’s reputation is obliterated, it’s internal employee culture is toxic and it’s leadership has failed to maintain regulatory standards.
Given the publicity and public nature of this fiasco I believe Health Canada has no other choice by to crack down.
The financial backlash will be harsh. The bought deal will implode and a number of case actions will cream up (there’s already a decent sized one in the works).
Shame on Aceto and his management. This is what happens when finance people tried to maximize opportunities in this space. The industry needs to weed these people out (excuse the pun).
Shameful.
I just completely withdrew myself from TRST. In at 8 avg looking forward to their 2020 plans and upcoming partnerships...now I'm down almost $7500 on this sinking ship of epic fail proportions. Leadership needs to take responsibility for this disaster. Aceto needs to never work in this industry again. The buck should stop with him.
From multiple sources I've spoken to the chances of losing their license are VERY high. Health Canada is on a war path and need to make a serious example of these LPs.
I had banked on TRST, being the fourth largest in revenue to hit a value of $12-15, after following this disaster and hearing rumblings for months...it's bar far the worst investment I've made in this space.
If you're in...get out is my suggestion. This will either end in a takeover or a merger (although I'm not sure who would merge with this team...).
Great interview yet again. He’s a champ. I can honestly say...I don’t know if I could hold it together as well as he is in the same situation.
Then again he has 2/3 of his shares (I believe) so he wants to see his baby grow
Might be able to reach him via Martello. According to my Hunter app their corporate emails are all the same so blinton@martellotech.com should work
:-p
https://www.cbc.ca/news/canada/ottawa/bruce-linton-canopy-growth-ceo-1.5198116
Listen to the interview. Bruce in his own words, here’s a piece:
"Let's be clear. A lot of people like to paint a picture that's different, but this is a termination," said Linton.
Man. Sad listing to this but, good luck Bruce. A true entrepreneur. Stand up guy for giving a great interview and holding his head high.
Wish I could privately email him with wishes but assume his work email is disabled. :-/
If you can’t laugh...you’ll cry. :-p roll with the punches.
Lmao. Martha will turn it into a woman’s life style brand... how to make cute weed cupcakes and cannabis infused lemonade in her new magazine “Martha’s High At Home” and Snoop.........he’ll just smoke all our product. :-p
Well said. End of an era I suppose. Everything in life changes — hopefully for the good :-p
I’m good. The SP isn’t diving as everyone is fearing (yet). The company can withstand this loss but Constellation needs to find a stellar CEO or we can expect really choppy waters. If this is handled right the price could drop and rebound, presenting a great buy opp.
I’m in a smaller amount these days. Decided to move my investment around a bit to mitigate risk. Still with the chunk I have left in the company
Could they be clearing the way to bring Rob Sands back? He was the architect of the Canopy/Constellation deal...and he’s still respected in their org.
Holy sh1t! What the hell is up with this
I’m sure many of you have this link or something similar but thought I’d share. Useful for tracking revenue leaders and next filing dates: https://www.newcannabisventures.com/cannabis-company-revenue-ranking/
Agreed. Lol. I missed it too
I figured. Just confused movie money indeed.
Confused by your comment. I’m a heavy CGC investor. Just bringing info to light
Found a legit photo of Bruce rn: https://bycommonconsent.files.wordpress.com/2017/09/scrooge-mcduck-money-bin.jpg
:p love Duck Tales
Update: someone just else pointed out that CGC employee selling freeze was released today. So this is normal activity. Good for Bruce cashing in. Deserves it.
Not sure if anyone else caught this but this was brought to my attention by a friend.
Linton exercises options for an ~$18m pay day. Good for him but draw your own conclusions as you see fit. Interesting time to exercise these imo. Grand scheme it isn’t much to his networth.
So hey may he just needed the cash. *shrugs*.
https://imgur.com/gallery/HKmmv4k
Usually American products get tested here first then head south. Definitely awesome seeing the reverse happen.
Great article: https://www.cbc.ca/news/thenational/national-today-newsletter-legalized-cannabis-green-party-1.5125889
Also didn’t know this but Colorado is decriminalizing shrooms? What a world we live in. Haha
https://www.newcannabisventures.com/canopy-growth-buys-german-synthetic-thc-maker-for-c343-million/
A synthetic THC maker! I get that biosynthesis is huge. Production tech at a fraction of the cost and comparable quality. Interesting!
Interesting. I tried some product last year from either Canatrust or San Rafael. It was pretty great actually, but interesting about the terpenes. Going to ask around about it. Thought it was a great idea when I saw it!
This is going to be a great end to the week. $67 close, weed conference AND Endgame is out in theatres. :-p #nerdmoment lol have a great one guys.
Heck yeah right at Dundas Square. Can’t wait to see this open!
I have as much info as you and everyone else tbh. But to hear someone from the inside indicate that some wicked stuff is happening, that’s definitely exciting to me.
To elaborate a bit more though, Rivers has apparently had early access to a LOT of opportunities in the Cannabis space. Everyone comes to them first given the brand, reputation and connection to WEED.
I wish I was on the Rivers inside hearing these pitches. So many neat ideas!
Just had an interesting chat with a friend of a friend who’s been at Rivers for a while now. Some very exciting stuff coming up real soon
Anyone attending the OCannabiz conference in Toronto at Castle Loma? I hear Montel Williams (lmao) is going to be there.
I have a gut feeling is all. Didn’t sell a huge amount. Just took some profits
It’s going to correct in a week or two. I’m trying to guesstimate the correction base
Great rally! Selling a chunk
Happy 420 iHub peeps!
Stumbled on this interesting article arguing that sativa and indica differentiations aren’t supported by science: https://apple.news/AQSaWsA7hTg-C2-VnwtXPbg
Always learning something new in this industry!
Clarification it’s the right to buy them in case pot goes legal: https://www.marketwatch.com/story/canopy-growth-isnt-buying-acreage-holdings-its-buying-the-right-to-buy-acreage-holdings-2019-04-17
Bloomberg picked it up but can’t link the article since it’s member only, here’s a screenshot a friend sent me:
https://imgur.com/gallery/l1ee2YZ
Also older news that I just noticed from February about the REIT idea: https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2019-02-22/canopy-growth-could-spin-off-properties-into-reit-ceo-says
Saw this pop up on my YouTube feed and chuckled a bit: