Canopy Growth Corp T.WEED

Share price

[BrokerG]

So yesteday DLR and all of social media stated: The reason Canopy dropped was because the DEA director Anne Mulligan did not sign the re-scheduling order. Today we find out that re-sceduling is in the process of being approved, one of her underlyings signed it and it was approved by the DOJ, her boss Merrick Garland. MY question then is; Why has Canopy's stock price not recovered then? Why would it be flat or lower, even after the rumour was dispelled? In other words, WTF? is going on with the stock price?

[quinlash]

The PoW Group as well as The Dales Report covered that topic and it's all FUD.  There is no need for a signature at this point.  The proposal to move to Schedule III is still being worked through reviews etc and sign-offs do not come until the end. Would suggest checking that out and not getting faked out by nonsense news articles.

[BrokerG]

Thank you Q for proving my point. It was all nonsense as you mentioned. Then why did we get clobbered yesterday, with no rebound today? That is all I am asking

[quinlash]

Warren Buffett likely provided the best (and shortest) way to explain how the stockmarket works which I have ever seen.  His quote is something like "the stock market is driven by Fear and Greed".  Yesterday we likely did not have a whole ton of support on the shareprice when the FUD piece came out.  The FUD (unchecked by traders) likely resulted in some selling and then

[BrokerG]

Q- I think that comment could be about any stock, ever. This stock has been dropping since the re-scheduling announcement. You don't find that a bit disturbing? Any reason? We will soon be at the same level as before the annoucement. Is it just me or weren't we all waiting for re-scheduling to happen? And now that is has the stock has barely moved. I find this very odd.

[satchmo6]

BrokersRus at the Rosewood forum was saying --buy the highest pricer