IN SEPT 2018 .. CANOPY GROWTH and SHOPIFY was the 2 hottest IN SEPT 2018 .. CANOPY GROWTH and SHOPIFY was the 2 hottest stocks on the TSX
Their market cap was also the same size .. around $25 billion cad
Marijuana got screwed by Ford in Ontario .. that was one of the major downfall for WEED.
The 2nd negative hitting WEED .. investors and traders no longer interested in seeing revenue growth, they want to see WEED making money. Bruce Linton expertise was growing the revenue, but he's not too good in managing the real number as in generating a profit.
Shopify success came from revenue growth.. and later generating a profit... they also delivered their number successfully by hitting revenue target and hitting profit target. The stock Shopify got rewarded handsomely... from $25 billion market cap balloooned to over $120 billion market cap today.
The NEW CEO David Klein was doing a good job taking WEED stocks back up from $29 cad to as high as $35.00 cad. Covid 19 came... WEED took a big hit afterward... but now is back on track to go higher in price in MAY.
don't worry about the temporary 50 cents or buck swing .... this stock WEED is on its way back to $35.00 cad again