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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining 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 range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.


TSX:WEED - Post by User

Bullboard Posts
Post by MartialArtson Jun 24, 2018 10:26am
184 Views
Post# 28220206

Daytrading WEED tomorrow on gapdown or new low

Daytrading WEED tomorrow on gapdown or new low


For those interested in very good daytrading tips. Dan expects a gap down tomorrow given the sell off momentum and profit taking on WEED.  Expectation that it will dip further than $43.43

I wasn't disciplined on this one, I rode it up and will ride it down. Canopy is the undisputed leader and the #1 company best positioned with its massive inventory for legalization day. It's also going to be a large recipient of the Ontario supply announcement to be handed down very soon.

I was going to buy the dip on Aphria but it has too much support to dip, most expect the Molson deal to be with APH although they are in close with Diageo. A $119 Billion dollar market cap alcohol distiller so Molsons Coors is small potatoes.

I will put my trading dollars here tomorrow buying the dip.  Hopefully it can be a monster to propel us into a nice V shape recovery to follow the bullish longer weekly trend. Short term, it looks ugly for the "buy and hold" investors. I suspect a lot of people will be profit taking on uncertainty.
Bullboard Posts