Money Coming InThis NR is a bit of a pump, sure. Its great to see those numbers though. If canopy puts up quarterly sales of 20-25million, thats huge. It also seams possible from his NR. Aphira has posted 15 mil over their last 3 quarters and has seamed to flatline. Its just amazing that Bruce has been able to continuously grow, without the constant issues: supply, product quality ect. have all been on point from day one. Makes me feel confident as an investor.
I feel that a lot of money was pulled out of this stock with the arrival of the etf. Canopy was always where people that wanted the safest play invested. With the arrival of the etf, people looking to minimize risk in the sector took money out of Canopy and put it in the ETF. Only 10% of that money came back as an investment.
I think today and the quarterly results are both going to propel this stock to more traditional levels.
Here's to future growth