$MSOS $VFF Mike D’s reputation as a shrewd, calculated businessman is being vindicated by his $75 million acquisition of CBDistillery. While the 2021 deal initially faced headwinds from federal regulatory stagnation, his "long game" strategy is now hitting its stride.
The Commonwealth Project successfully lobbied for a landmark shift: Medicare will now begin covering CBD for seniors over 65 (starting with a pilot program offering up to $500 in annual reimbursement). This move transforms CBD from a niche wellness product into a government-subsidized medical staple.
By securing a market leader years before this policy shift, Mike D’s $75 million investment—once questioned during the market dip—now looks like a brilliant, high-conviction masterstroke. He has effectively pre-positioned CBDistillery to dominate the massive, newly accessible senior healthcare market.