CGC - My ViewCanopy is still a beaten down stock IMHO with more room for shareprice recovery despite a jaw dropping week of gain
Here's why:
Germany has legalized and comes online April 1 - Canopy Medical is one of few established suppliers within the region and stand to gain well with incremental sales.
Canopy USA (the consolidation of 3 US companies under Canopy) is expected to be approved early / mid April.
The company has been making all the right moves to lean out the operation and position well for US launch. This has been grossly overlooked by the market for at least a year now
The Vice President of the United States came out and publically backed cannabis. With 44 of 50 US states having some level of legal cannabis already the legalization in the US is all but a given at this point
Historical multiplies for the stock and sector haven't even seen the surface scratched yet. Even the most modest historical multiple sets the shareprice substantially higher.
Sharecount is super low for this sector making supply and demand dynamics point to the potential for incredible squeeze potential
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