Canopy Growth Corp (WEED)

[33Sailor]

Selling their wine division seemed like a strange move when I heard it.

Wouldn't be surprised if it was driven in part by the Acreage deal.

For years I have been critical of the prices we pay for the companies we buy. 3.4 billion seems a bit high for a market cap of 2.5 billion. Between the management of CGC and STZ both liking the deal I'm a bit more comfortable than in the past.

Like the STZ deal I get concerned that at some point Bruce gets handed his hat which would be a huge loss to the whole industry imo.

Even if you don't own one share of CGC Bruce's leadership & CGC have played a major role in shaping the global cannabis landscape and that's likely to continue.

Happy Easter to All...