Cannabis run down post schedule 3 - sundial/canopy move into USA assets, echelon says buy the dip MSOS

- Sundial USA is set to acquire USA assets, potentially including Canopy USA - Investors are awaiting more official news from the government on rescheduling to determine impact on stocks - Speculation about DEA reaching a Schedule III decision caused fluctuations in stocks like AdvisorShares Pure US Cannabis ETF (MSOS-ARCA, NR) - Overall, the rescheduling progress has been substantially derisked with reports and confirmation by the DOJ Director of Public Affairs, presenting a buying opportunity for long-term investors. - SNDL Inc. (Nasdaq: SNDL) is acquiring equity positions in U.S. cannabis assets - SunStream USA Group is acquiring non-performing credit investments from SunStream Opportunities LP, majority equity positions in select assets of Surterra Holdings, Inc. (d/b/a Parallel) and Greenpeak Industries Inc. (d/b/a Skymint) - SNDL anticipates providing updates on the Parallel and Skymint transactions in the second quarter of 2024 - SunStream USA Group structure allows SNDL to have an indirect interest in U.S. assets, with potential for common interests upon federal legalization of cannabis - SNDL's partners in the acquisition include SSU I and SSU II, with a focus on multi-state operations in U.S. cannabis markets - SNDL operates retail banners in Canada, including Ace Liquor, Wine and Beyond, Spiritleaf, and Firesale Cannabis - Dentons US LLP and DLA Piper are advising SNDL and SunStream USA on regulatory and legal matters, respectively.

Summarized top reddit comments: - Advising to buy the dip on MSOS - Mention of Sundial and Canopy moving into USA assets - Discussion on reclassification decision for cannabis - Warning against rushing into investing due to reclassification recommendation - Don't underestimate the potential for future opportunities in the market - Reference to "tegridy" as a humorous nod to the show South Park