Canopy Growth Corp T.WEED

Alternate Symbol(s): CGC | T.WEED.DB

Healthcare Cannabis

Canopy Growth Corporation is a cannabis and consumer packaged goods (CPG) company. The Company delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space. Its CPG portfolio includes gourmet wellness products by Martha Stewart CBD, and vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution, and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a diverse range of cannabis, hemp, and cannabis products in Canada. Its Rest-of-world cannabis segment includes the production, distribution, and sale of a diverse range of cannabis and hemp products internationally. Its Storz & Bickel segment includes the production, distribution, and sale of vaporizers.

TSX:WEED - Post by User

Canopy Growth Corp

Bullboard Posts

Comment by Gonaddon May 22, 2018 11:15am

104 Views

Post# 28063366

RE:RE:Thoughts on the Upside Potential

Good post Mayham.

480Mayham wrote:

starsearcher40 wrote: As always, it's interesting to watch WEED trade. A couple of thoughts here.

1) At the moment, the stock is hovering after a nice jump up. This is primarily the ground of short terrm traders right now, and I believe will be brief. The stock has a LOT of upside potential, and as the traders taking short term profits move aside, the run up will resume in earnest. As for long term buyers, they will begin buying on establishment of some sort of floor (we're seeing that now). Additionally, new traders will come in spotting the further upside move.

2) The stock remains far too dangerous to short right now. This is a very good thing as it negates the downside pressure that the short position could bring to the stock. I don't see this being a concern for several weeks.

3) When the stock lists on the NYSE (I would bet next Monday), the Americans are absolutely going to devour the stock. This will cause a massive updraft. We don't have to wait for that event though to see substantial gains. In fact, I think this entire week to be quite powerful, as buyers come in, in anticipation of the NYSE, and to effectively buy before the Americans come in, knowing the stock is cheaper now than it will be. To this end, I expect to see some substantial Institutional/Fund buying this week. Those institutions/Funds who have been on the sidelines simply do not have time on their side any longer. They will buy strongly now.

It's simple people. Buy, hold, enjoy. By all considerations, this stock is on the verge of a MASSIVE move up.

As always nice post SS40, I am really curious if we are going to see a 30% uplift AFTER the listing. I've been saying for a while that I am fully expecting 30% but with all the anticipation buying will some of this already be built in. If we land around $40 before the listing then 30% takes us to $52!!!! I will be glued to my laptop watching the results. I'm expecting the stock to run for 2-3 days as Cronos did after the Nasdaq listing. Bottom line is its full steam ahead. The longs all deserve this!!! Exciting times!!! GLTA Longs! Mayham