RE:CGC just wow That is total BS!
CGC was already on its path of failure since May 2019, that is before Covid. That clearly shows it was steadily falling after the Cannabis boom. Later it got another boost along with other cannabis stocks during the pandemic with all the US news and also the Reddit effects.... Now that all those boost up factors are out, it started its normal course of falling again. Today we might see some action though with Trudeau In again... but that might not last IMAO.
CommonCentsforDollars wrote:
Besides the March 2020 Covid Dip where everything got destroyed... if we were to omit the March 2020 covid dip.... CGC hasn't traded this cheap since November of 2017, yes you read that right,... 2017 just wow.
Most investors are well aware that CGC was for many years the Sector Bellweather and teh sector leader which now they have been dethroned by some of the Top MSO's and TLRY is not far behind with a market cap roughly 300 million less.
CGC's days as the sector bellweather appear to be history.
CGC bottom of the Covid dip was March 18th 2020 @ $9.00 USD
TLRY bottom of the Covid dip was March 18th 2020 @ $2.43 USD
eom
momo