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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

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 dart321on Dec 14, 2023 2:23pm
197 Views
Post# 35785105

Roll Back Data

Roll Back DataThis happens more times than not but is not a sure thing as some rollback buck the trend. Data as far back as you want to look at past rollback show us the stock in question will more time than not drop to all time lows after the rollback starts trading. That would place the share price drop to somewhere around $4.00/$4.60. Not all stocks fall back but a good 90% will. Then you have to consider any other issues that come along with the timing of the roll back and the one here that stands out is year end tax loss selling. One has to question how much will this effect the share price once trading starts on the 20th. Taking all the historical data into context for rollbacks along with tax loss selling is what everyone has to consider going forward. Once all this is finnished the next issue is how much of the shorts still remain as they will have a much harder time to cover their shorts with the limited float created from the rollback. There is some factual data to consider going forward. Do your research everyone.
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