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Psychedelics: Cures, Charlatans & MindMed (MMED)
The first episode of the Grizzle Psychedelics series examines the potential of psychedelics to treat addiction & depression and the recent MindMed (MMED) listing. #psychedelics #addiction Read the full article
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Canopy Growth Takeover a Growing Possibility
New CEO David Klein Places Another Constellation Executive on Canopy Board – LPC
Canopy Growth announced on December 9, 2019 that it had appointed David Klein as its new CEO. Klein is currently the chief financial officer (CFO) of Constellation Brands Inc., which means he will be another voice on the board for the US company. The move led to speculation by some that Constellation is mounting a full Canopy Growth takeover. Pablo Zuanic, an analyst at Cantor Fitzgerald, said a Canopy Growth takeover by Constellation was a better than two-thirds probability. "On the argument of an improving outlook for the cannabis industry, we think (Constellation) could justify a deal," he wrote. Ex-co-CEO Bruce Linton seemed to agree. He said that he saw a case for Constellation breaking up the company down the road, keeping the cannabis beverages division. "What they may say is, 'We can actually buy the whole thing and about two years after we buy it, sell the medical division for more than we paid for the whole thing,"' he said. Linton was forced out in July 2019 after Canopy reported a loss of $670 million over the previous year. The Toronto Star speculated at the time that a change at the top of Constellation may have sparked a personality conflict. It may have also signalled a new direction for Constellation from allowing Canopy to focus on growth to a more risk-adverse approach. In retrospect, it’s possible that new CEO Bill Newlands envisioned a Canopy Growth takeover from the beginning. With a 38-per-cent stake in the company and four out of seven board members, it was perhaps inevitable.
What Would a Canopy Growth Takeover Mean? – LPC
US takeovers of Canadian companies are nothing new. This would be the first major takeover of a cannabis company. But shareholders definitely liked the new CEO with the stock jumping by 14 per cent on December 9. That’s a far cry from the 41 per cent it lost over the last 12 months. But it’s enough for analysts to speculate that perhaps the worst is over for Canopy Growth – and the industry as a whole. Canopy Growth takeover rumours would certainly fuel stock price surges as well. Many analysts have said cannabis company consolidation will come at some point. Although Constellation buying Canopy wouldn’t be a consolidation in that sense, it could trigger other moves in the market. With recent losses due to a still-strong cannabis black market and not enough legal storefronts, the industry is ready for change. It’s unfortunate that the world’s largest cannabis company would in effect leave Canadian hands. But ultimately, the recent Constellation move signals more stability in the cannabis industry. At the moment, that’s what it needs most of all. This editorial content from the LPC News Team provids analysis, insight, and perspective on current news articles. To read the source article this commentary is based upon, please click on the link below. Click here to view full story at www.sfchronicle.com Read the full article
Bruce Linton on the Future of Cannabis
Hint: It’s Not All About Cannabis – LPC
Bruce Linton sat down with the Stamford Advocate recently to talk about the future of cannabis, and his role in it. (Please see the link to the full article at the bottom.) It perhaps inadvertently gave a behind-the-scenes look at ex-Canopy Growth co-CEO’s philosophy – and why he eventually was fired. Ultimately, his departure came down to profits, he confirmed. “The right path for the company is probably to focus a bit sooner on profits and scale than I was ready to do. The result is, the board has a right to change things, and they did,” he said. “I was more interested in domination than earnings per share,” Linton said. “That combination of things isn’t always going to be in alignment with people in organizations that have a lot of big cash.” That echoes what Tilray CEO Brendan Kennedy said about his views on the future of cannabis. Chasing profits over industry “domination” as he put it is counter-productive in some ways. Linton also gave some insights into why he and Canopy partnered with Martha Stewart to create hemp-derived CBD products for pets. “I like dogs. Our connection to the dog and our tears with the passing of the dog almost exceed family members. So I think there’s a massive economic opportunity. There hasn’t been a history of prescribing cannabis for dogs,” he said. However, CBD products need to be an “upside-down” model, he said. There is risk of a glut of CBD products, and reducing that exposure is important. “I really want hemp to be the driver and CBD to be the last ingredient. Because if there’s too much CBD in the market, I want all the other things to be a business. You should have no waste, and you should have dependable income.”
The Future of Cannabis is Diversification, at Least for Linton – LPC
The US legalized hemp last year, which may explain in part why for Linton, the future of cannabis is actually hemp. He talks about hemp-based straws as one example, though flip-flops are also possible. With his non-compete clause, he has to look for international opportunities. In this interview, he mentioned getting into a multi-state, primarily THC-driven company in the US. That sounds a lot like Gage Growth, which he joined earlier this year. Linton said that the future of cannabis for himself is diversification. Besides cannabis, hemp, and CBD products for pets, he said he wants to get into medical research internationally and an ancillary business, possibly media. This editorial content from the LPC News Team is meant to provide analysis, insight, and perspective on current news articles. To read the source article this commentary is based upon, please click on the link below. Click here to view full story at www.stamfordadvocate.com Read the full article
Vireo Health Taps Bruce Linton for Executive Chairman Position
The former Canopy Growth CEO will now work alongside the CEO of Vireo Health International, Inc. (CNSX: VREO; OTCQX: VREOF) for most company operations. #marijuanastocks #potstocks $VREO $VREOF Read the full article
Interview: Bruce Linton Uses Value Lens to Back Vireo Health
Vireo Health (CSE: VREO) named Bruce Linton their new executive chairman. We spoke with Linton and Vireo's CEO to learn more about the addition. #marijuanastocks #potstocks Read the full article
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Former CEO of Canopy Growth Bruce Linton Talks Psychedelic IPO and Top Cannabis Plays
Evan Veryard interviews Bruce Linton, former CEO of Canopy Growth and discusses some of his current ventures including MindMed and Slang. Read the full article
Gage Growth Launches in US Thanks to Familiar Face
Ex-Canopy CEO Bruce Linton Gives Gage Growth a Familiar Name, Too – LPC
Hamilton-based Gage is expanding in the US as Gage Growth under the leadership of a familiar face. Bruce Linton, ex-co-CEO of Canopy Growth, is now the executive chair of the US operations. The first of 13 Gage stores opened in Detroit, Mich. near its infamous 8-Mile Road. "I cannot express how excited I am to be joining the Gage team and family," said Linton in a Gage Growth press release. "I look forward to leveraging my relationship networks and experiences to play a significant role with Gage as they continue to accelerate their expansion throughout the state." Linton was fired from Canopy Growth in July 2019, though the company originally stated that Linton stepped down. It is widely believed that US partner Constellation Brands was not happy with Canopy Growth’s lack of profits. This clash of philosophies is not unusual. Around the same time, Tilray CEO Brendan Kennedy also said he wanted to put growth ahead of cannabis profits.
Where Does Gage Growth Get Its Cannabis? – LPC
Gage Growth has a long and winding history. It started in Hamilton, Ont. as the Gage Cannabis Co. brand of medical cannabis by Radical Cannabis. The name presumably comes from its location at Gage Avenue North and Beach Road in Hamilton. It’s a company that Linton would be familiar with as well. In 2017, Canopy Growth’s investment arm Canopy Rivers bought a 23.81 per cent stake in the company. Gage Growth’s US-based operations are completely separate from its Canadian counterpart. Formerly known as Wolverine Partners Corp. (doing business as Gage Cannabis Co.), the company changed its name to Gage Growth in September 2019. It announced the name change and the addition of Bruce Linton at the same time. It also announced the purchase of the US arm of Canopy Rivers called Rivers Innovation, Inc. Currently, Gage Growth in the US only sells medical cannabis at its 13 stores. Due to federal regulations on both sides of the border, it cannot import cannabis from Canada. The company stated it has three processing licences. It plans to expand into the recreational cannabis market in 2020. There is another Gage Cannabis Co. in Massachusetts that seems unrelated to the other two companies. This editorial content from the LPC News Team is meant to provide analysis, insight, and perspective on current news articles. To read the source article this commentary is based upon, please click on the link below. Click here to view full story at www.toronto.com Read the full article
The Bruce Linton Effect Sends Martello Technologies Soaring
The stock price of Martello technologies (MTLO) rallied 175% after its co-chairman Bruce Linton was ousted from Canopy Growth (CGC, WEED). #cloudcomputing #technology Read the full article
