RE:Canopy Growth Making Progress with USAWell folks we are now down close to 40% from our recent high of $15.50, from 5 days ago. I think the market is coming to the conclusion that re-scheduling is months and months away, unfortunetaly. Hopefully before the election, however, but I am not so sure anymore.
The DLR report interviewed many US politicians - Senators/Congressman and some are saying that rescheduling will be next year - REP- Mast- Florida.
This is not a market issue. The market is not down 40% for the past 5 days. This is a news issue. I think we have to face facts that without re-scheduling we are toast. Q can say what he wants but the fact remains- all our eggs or future growth is going to come from US and without rescheduling/Safe Banking , there is no future growth.
What happened over the past week is the market realizing that re-scheduling will NOT happen any time soon and the day traders/Shorts are selling.
Of course I may be wrong but that is what it looks like to me.