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is made possible only because of the work and effort by these paid promoters and influencers. My only critique has ever been aimed at the unscrupulous who use game theory and other tactics that may manipulate retail investors and businesses as well as those who bash and make allegations of unethical and/or illegal activity against non-clients.
With respect to the example, the individual is not generally associated with the Canadian industry but does have a few clients up here in the Great White North - following the smart money North.
When CanniMed did not meet the takeover offer by Aurora Cannabis with open arms and elated enthusiasm but rather instead announced a friendly merger agreement with Newstrike Resources Limited (CSE:HIP) this person took to social media to share his unfavourable opinion of CMED’s management.
This same individual has also recently referred to at least one Canadian non-client company as a pump and dump and even cautioned his followers to be “very careful” if considering investing. I do believe that this individual truly considers himself to be in a conflict of interest when making seemingly derogatory comments about a company that is not warming up to his client’s takeover offer of CMED or about non-client companies. What is noteworthy is that much like the Constellation Brands investment in Canopy Growth Corporation, these takeovers were announced through mainstream media and not through paid stock promoters. This is further evidence that the sun is rising on the industry while setting on the wild west environment that some may have profited from.
The fact is CMED’s management does not have the same duty of care to the shareholders of ACB as it does with respect to their own shareholders. What is more interesting is that ACB seems to have gone on a shopping spree (two other acquisitions of note recently) and that they have also attracted the attention of the Canopy Growth Corporation. Technical420 recently describe the relationship between Aurora and Canopy as “a battle to watch”. If a promoter has rivals as clients, is it possible to maintain independence and objectivity – both in fact and in appearance? I am not suggesting that it is not possible but would it not