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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

Post by Ghostinthedarkon Sep 08, 2021 10:58am
205 Views
Post# 33824648

Weed drops below $21.00

Weed drops below $21.00

Another monthly low. We have 8 months of lower lows.

That's called a falling knife, and you cannot catch it. In other words, don't buy the stock because it's likely to drop lower.

Many times during July and August, I said that Weed would tank to below $20 in the weeks ahead.

But a coupl of "blow hards" who are bag men, who bought at $70, continue to criticize me....

These guys post nonsense, and the know-nothing about stocks press the like button.

We have a sh**t storm, and cannot see which direction to go.  


Huge bearish sentiment in the pot sector. For instance, TGOD cannot pay its bills, so they are departing from the TSX at .20 cents a share..

Hexo dropped to $2.8..., a new for 12 months( reverse the 5 to 1 split and Hexo is .57 a share.

ACB---8 to 1 split is trading at around $1.20...perhaps .30 cents higher than last year.

Weed is right back at its lows of $20.... 12 months ago.

Not only bearish sentiment, but lots of shorting.

Best thing to do:: Nothing. Meaning don't sell.

The shorts can only short the pot stocks so long as people are willing to buy at a lower price.

As I said, now is not the time to buy Weed. 


Major monthly support at $19.....

If earnings are bad, Weed can easily fall lower, especially with the bearish sentiment. 

 

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