If you have not yet read the Q&A in this issue with Dr. Sunil Pai then we suggest you do as in that Q&A Dr. Pai discusses why infused beverages may be the preferred delivery system. Our case study this month is on The Hill Street Brewery Company (TSXV:BEER) followed immediately by an exclusive Q&A between Louis Kyron and Hill Street CEO Terry Donnelly followed by the Driving Laws and how these may affect you and your investment.
You also know that it was not long ago those that choose self-interest over service perpetuated the myth that Canopy’s $5B valuation defied all logic. They often relied on traditional metrics such as 12-month trailing revenues as justification for their position. We of course reminded you that such metrics simply do not apply here as this is an existing multi-billion dollar industry transitioning from illegal to legal. If we assume Constellation Brands did their due diligence and it is up to the bashers to prove otherwise then $5B for a 28% increase in their stake of Canopy suggests which position is the correct one. How has Canopy’s share price down from the time the deal was announced to the end of the day on August 20?
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