All The Bad News Good For Canopy Long TermHaving lived and invested through the dotcom bubble of 2000 and this feels a lot like it. I made a lot of money and also lost a lot of money. Any company with a ".com " at the end of it was increasing its share value at incredible paces. Companies were doubling in value in days time with little or no fundamentals (no revenue). Kids (late teens, early 20's) were selling their companies for $millions.
They hype was incredible which reminds me of the pot stocks in 2018 (up until legalization). One year later and all the hype seems to be gone based on all the bad news. By the end of 2020 (or even sooner) only the good companies will be around because all the bad ones will run out of money and no one seems to be rushing in anymore to finance pot stocks.
Like 2000, when only the good companies survived (Amazon, Apple, Microsoft, eBay, CISCO, IBM, Oracle, etc.). In 2020, Canopy will be one of the few that will really command market share because it will still have cash flow and increased revenues. I see only a handfull of companies really surviving and controlling the market, but with Canopy the clear leader. There will be a lot of bumps along the way until next year, but the good companies always survive. GLTA