Canopy Growth Corp T.WEED

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

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 Peytonon Oct 31, 2018 2:19pm

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Post# 28902830

RE:RE:Confidence starting to come back in.

Sell your WEED shares and get off this board. Go buy Aurora and sh#t talk them. Your a clown.

starsearcher40 wrote: This run has heft! Very nice to see the move up, but even nicer to see it strong and steady.

Above $50 soon enough? The way the stock is trading, I would say so (easily), and then some.

Enjoy!

starsearcher40 wrote: As I noted in a previous post, there is typically that pause after a washout...peopl wanting to buy thinking it's the bottom, but afraid to do so. So the stock hovers, which it essentially did this morning.

As the stock shows further resilience against any further downside pressure (and there was at least one good attempt there this morning), two things happen.

1) Buyers start to come back in, buying with the confidence that the bottom truly has been put in.
2) Shorts begin to cover.

This double-barrelled buying can be quite potent. We're at the early stages of both #1 and #2 above. First up, typically the shorts start to cover. They've made their money. Note too that they may also choose to go long at this point which can certainly add additional upside pressure.

True longs buying in typically need a little more convincing and need to work through that shell-shocked feeling. They are there. The "early adopters" are buying, However, I think we'll see the bulk of this renewed-confidence buying come in as the stock breaks above $46.00 . From there, the buying strengthens as the shorts toss in the towel, and the longs truly start to feel good and confident again. At that point, the move back up to $50+ is pretty easy imho.

We'll see what comes. The mj companies are not immune from overall market forces either. This can cut both ways. Even in a downside market, I think Weed can return to $50+, although it's slogging through a headwind. If the market corrects to the upside, the move up to $50+ is with a tailwind. Either way, the stock will get there. Which way the wind blows just determines how fast and how fun it is.