The Peonlem isA stock promotion launched by penny stock promoters is usually the work of their marketing departments or a public relations firm. Penny stock promotions are created to make a penny stock appear more valuable than it actually is. That’s because it’s much easier to launch a penny stock promotion than it is to create a successful, lasting business.
Yes Canopy has gone from a penny stock (via very clever promoting pumping out all sorts of news ie hooking up with constellation etc) to a very small cap stock. It’s going to be tough to break new highs. Canopy does have a chance if they can grab a good part of the market but there are so many players right now. I took most of my profits and letting a few thousand ride but I’m happy with the modest gains I have made.
Good of luck to all.