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Canopy Growth Corp T.WEED

Alternate Symbol(s):  CGC | T.WEED.DB

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

Bullboard Posts
Post by Iminlongon Feb 08, 2019 6:13pm
305 Views
Post# 29340583

My thoughts going into Earnings

My thoughts going into EarningsTough call for many of us as to if you should hold, sell half, or sell all prior to Earnings Report.  Strictly from my position as someone who is long since August 2017, the number of shares I own is the most single important factor.  I have considered much of what was written on the Board. Bashers and Shorts, this thinking won't align with your views: Canopy is the Undisputed Industry leader according to virtually every Report. Its resources and strategic approach will only increase its leadership position exponentially.   If you are partially or totally " in cash " on Feb 14, you protect that cash. However, you risk the share price drastically rising if news is good (which is exactly what happened back on August 14 when the price rose 30 percent  prior to the 9:30 Opening because of the CB announcement). If this scenario repeats, you will lose a very significant share position and will have a difficult time getting back to your previous share count. If you are "all-in" on Feb 14, you completely protect your share position. If the price drops at Opening on Feb 15, YOU are in complete control and can actually make an informed decision to Sell and then buy back at a lower price. You will increase your share count, which for someone "long" is great! We all know share prices bounce back up. Any price drop will be temporary- just like today's drop. I have no doubt $200 will be something far in the rear- view mirror in 24 months- and I'm not a Pumper. Protect your shares. The share price of this Industry Leader will take care of itself long-term. Good luck!!!
Bullboard Posts