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.

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Canopy Growth Corp > Barron's Report - Marijuana Stocks Are Rising

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Comment by TheGrapeOneon Dec 06, 2022 8:12am

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Post# 35152796

RE:RE:Barron's Report - Marijuana Stocks Are Rising

Agreed reality has set in hope the shorts have prepared themselves

davgro wrote:
I think investors and the market are realizing that there is a high probability of the Senate passing one if not two cannabis reform laws before year end. My key takeaways from todays trading and news:

1) Most cannabis stocks ended up today despite a down day in the overall markets. It will be interesting to see if this trend continues into the week or if there is some profit taking after the multi day run-ups in cannabis stocks.

2) It appears that Chuck Schumer will get bipartisan support in the senate for at least the SAFE Banking Act by breaking out his social justice issues into a seperate bill. Any confirmation of this will push cannabis stock prices higher especially US MSOs.

"Majority leader Chuck Schumer (D, NY) is said to plan passing two distinct cannabis bills before this month’s holiday break. One bill would allow federally regulated banks to service marijuana businesses that are licensed in states where they operate. The other would provide federal grants for state and local programs helping expunge the records of individuals convicted of marijuana possession.

The bills would appeal to separate ends of the political spectrum. Schumer reportedly plans to attach them to other legislation that the Senate must pass. The House will go along, having already passed the banking reforms under the name of The SAFE Banking Act. And President Biden will be on board, after calling for cannabis reforms in October."

davgro wrote: December 5th @ 1:46 PM ET

Marijuana Stocks Are Rising. Investors Are Eying Federal Reform.

Marijuana Stocks Are Rising. Investors Are Eying Federal Reform.