Constellation just ponied up $200 plus million for more Canopy Growth. Just in case any investors out there don't know about the already inked deal for Canopy to absorb Acreage, this should give a boost to Acreage as still being a viable entity despite the beatdown and manipulation that has happened to our shareprice. Canopy is the world leader for legal pot for both rec and pharma use as well as hemp products which I feel are going to be bigger than thc as more and more consumers are using them for pain and anxiety without official endorsements from Health authorities other than the legal rec use with IND number GWP who led the way and did the work to launch Charlottes' Web for seizures. Canopy is planning for world domination as a tail to snout cannabinoid company and Constellation saw that, plunked down $5 billion Canadian to get 38% of the shares and just plunked down another $200 million to pick up some more shares of Canopy. After hours markets liked this and upticked Canopy. This will be good for all marijuana companies to see that Big Money still likes the greenrush stocks and it looks like Constellation might want the 50% plus share float so they are firmly in the driver's seat. Federally the US is getting dragged towards doing the legislation to legalize pot to allow the US greenrush to begin. After Coronavirus, the US is going to need every tax dollar they can muster and putting the squeeze on the black market drug trade seems like a good thing. This could happen sooner than not with the senate getting tired of it popping up at every turn. Could be as quick as the next election if the votes are close. Worked for Trudeau up in Canada to get him elected because it got the younger generation out to vote. The vote was more for marijuana legalization than it was for choosing leaders. jmho, glta and dyodd
